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- Klarity FX (based on Reuters)
Pair's Outlook
EUR/USD rebounded from an upside resistance at a 1.3020 level on Friday, as the pair was sharply lower than the Bollinger band. Today, the major currency pair continues a down-side movement drifting along with the Bollinger line and retesting an upside resistance at a 1.3034 level. If a breakout is successful, the closest support levels will be at 1.2996/82, where the 100-day and 55-day SMAs merge, and at 1.2943, where the monthly S1 overlaps with the weekly S1.
Traders' Sentiment
Bullish sentiment maintaining investors have 42% of opened positions on SWFX market and bearish traders have 58%. Pending orders segment is more balanced, since 55% of orders are buy and 45% are sell.
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