© Dukascopy Bank SA
- BBVA (based on CNBC)
Pair's Outlook
Being that presently the currency pair is trying to overcome the nearest resistance 1.3408/1.3388, we are more confident that the bearish correction is now over. Accordingly, during the next few days the price should remain in a bullish mood. In the medium term EUR/USD is likely to be headed towards 1.3660, though monthly technical indicators are strongly bearish.
Traders' Sentiment
Slowly but steadily the bears are strengthening their position in EUR/USD currency pair. At the moment 57% of positions are short, while 43% of them are long. The difference between the buy and sell orders has completely vanished, as both now constitute equal portions of their sum.
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