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- TD Securities (based on MarketWatch)
Pair's Outlook
Upward impetus the currency pair has received from the 200-day SMA was insufficient to throw EUR/USD over the weekly pivot point, instead we see a re-test of 1.3072/70, which is also a point of the rising support line. If this zone fails to trigger a sustainable rally, a close above 1.3179/77 is needed, then 1.30, the current level of the 55-day SMA, will be exposed.
Traders' Sentiment
Traders' sentiment towards EUR/USD have not been subject to notable changes overnight, and the long positions stay in a minority (41%), while most of market participants anticipate a drop in the price. As for the orders, there is almost no difference between the amounts of buy (49%) and sell (51%) ones at the moment.
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