EUR/USD fluctuates at 1.2967

Seems that the market recalled European credit problems and investors shifted towards Dollar-based securities. EUR/USD dropped heavily last few trading sessions, as the price slipped from the 100-day SMA at 1.3139 to a 1.2960 level, which is between the 55-day SMA at 1.3001 and the Bollinger band at 1.2936. It is very likely, that the pair will make a dip to 1.2936 and after that the Euro might appreciate to confirm the 55-day SMA as the resistance.

SWFX marketplace investors have a bearish exposure, since 55% of opened positions are short. Pending orders market is in an equilibrium, as both sides have equal sizes.