© Dukascopy Bank
- GFT Forex (based on Reuters)
пЃ® Industry outlook
The outlook for EUR/USD is from neutral to positive, since the indicators suggest a rather calm day for the pair. The initial resistance is located at 1.3082, ahead of 1.3200 and 1.3324. Supports, on the other hand, may be found at 1.3041, 1.2917 and at 1.2800 as well.
пЃ® Traders' sentiment
The difference in numbers between the amount of long and short positions continues widening. Currently the share of bullish trades constitutes 44.04% of all the positions held, while shorts form a larger part of them - 55.96%.
пЃ® Long position opened
Major market participants are likely to close their long positions at the key resistance levels. The primary short-term target will be reached at 1.3088. The breakout of this level will pave a way for a bullish run up to 1.3106 and then to 1.3129.
пЃ® Short position opened
Bearish traders will pay attention to the key support levels in order to close their deals. The primary forecast target is 1.3047. If the pair erodes this level, then it might rebound from S2 of 1.3024 or S3 of 1.3006.
© Dukascopy Bank