© Dukascopy Bank SA
- Deutsche Bank AG (based on Bloomberg)
Pair's Outlook
Despite the presence of the 200-day SMA EUR/USD sticks to its upward course, being close to ending the day above 1.3096/70. Such a case will imply a subsequent rally up to 1.3187 or 1.3244/23, as there are no significant resistances en route towards these levels. However, the resistance (1.3096/70) is still intact, meaning that we should be wary of a possible dip.
Traders' Sentiment
The gap between the amounts of bulls (43%) and bears (57%) is widening, being that the higher EUR/USD is, the more people consider the Euro as overpriced given the current context. The share of buy orders became a little more stable, falling only two percentage points to 49%.
© Dukascopy Bank SA