© Dukascopy Bank SA
- Chapdelaine FX (based on Bloomberg)
Pair's Outlook
EUR/USD carries on with its recovery from the April low at 1.2745. At the moment the currency pair is struggling at the rising resistance line, but after a short correction should be able to mount it, as the price did after the dips on May 31 and Jun 7. The nearest support is situated at 1.3244, but is not expected to come into play in the nearest future.
Traders' Sentiment
As we have noted earlier, despite the moves performed by EUR/USD, the difference between the shares of short (63%) and long (37%) positions remains the same. In the meantime, the distribution among the buy and sell orders is nearly the same—51% and 49%, respectively.
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