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- Bloomberg
Pair's Outlook
EUR/USD appreciated firmly during the week's first trading session, increasing to a 1.3121 level, where the monthly PP level intersects the weekly PP level. Currently, the price is consolidating and it is very likely to see a further appreciation till the 20-day SMA at 1.3173, as this level is usually reached after making a spike over the Bollinger band. The major currency pair remains above the 55-day SMA, what indicates a bullish trend, but the pair has already settled in the lower part of the Bollinger bands, thus both positions contain a high risk.
Traders' Sentiment
Investors in SWFX market gently increases bullish sentiments, as the buy side increased to 43% and the sell side slipped to 57%. Pending orders market is neutral, since bulls and bears have equal shares.
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