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- Yannis Stournaras, Greek Finance Minister (based on Bloomberg)
Pair's Outlook
EUR/USD carries on consolidating just above 1.3485/53, failing to decisively overcome the force of gravity exhibited by this support lately. According to technical indicators, an extended rally from this level in the short run is unlikely, being that in the longer term there is a significant risk of a reversal. Still, the positive outlook will remain as long as supports at 1.3293/61 and 1.3215/1.3172 are intact.
Traders' Sentiment
Bearish SWFX traders' sentiment towards EUR/USD is unchanged since yesterday, as the share of long positions stands at 42% and the portion of shorts stays at 58%. As for the orders, 65% of them are to acquire the Euro and the remaining 35% are to sell it against the U.S. Dollar.
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