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- Standard & Poor's (based on Bloomberg)
Pair's Outlook
EUR/USD pair firmly appreciates and have already reached a 1.3258/78 resistance level, which is the key, as it contains the monthly R2 and the weekly R1, but more importantly it coincides with this spring's channel upper boundary. Therefore, it is likely that at this level the price might find a cluster of sell orders, what will weaken an upside impulse. In case it is too small to stop, the next resistance is at 1.3381 and this is the weekly R2 with the highest point of the spring's channel.
Traders' Sentiment
Bears follow the increasing exchange rate sceptically, as the bullish side stays unchanged at 38% and the bearish side at 62%. Pending orders segment mixes sentiments, as 49% of orders are buy and 51% are sell.
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