© Dukascopy Bank SA
- ANZ (based on CNBC)
Pair's Outlook
An attempt to breach a 1.2970/61 area, which is formed by the 200-day SMA with the accelerated down-trend, did not turn out to be successful. This has led to a pullback down to 1.2816/15 that acts as an interim support. However, a key level is considered to be 1.27, since its intactness secures EUR/USD's chances of overcoming current weakness.
Traders' Sentiment
The sentiment of SWFX marketplace participants towards EUR/USD stays neutral, as the share of bulls is unchanged at 52%, while bears take up 48% of the total amount. The similar indecision is observed with pending orders, 49% of which are to buy the Euro and 51% are to sell it against the U.S. Dollar.
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