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- Faros Trading in Stamford (based on CNBC)
Pair's Outlook
EUR/USD is currently consolidating ahead of a support 1.2266/49, which should be able to limit possible near-term losses of the pair. Rallies, on the other hand, should be tepid, since a tough resistance level at 1.2585 will cap the price for now. In the long run, however, the currency couple is expected to maintain its southwards direction, until 1.16 is attained.
Traders' Sentiment
SWFX marketplace traders' sentiment towards EUR/USD is presently mixed, as 51% of all the positions on the currency pair are long and 49% of them are short. As for the orders placed, buy orders are in majority, constituting 57% of all the commands, while the portion of sell orders is 43%. Nonetheless, the common currency remains the most popular among its peers.
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