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- Brown Brothers Harriman (based on MarketWatch)
Pair's Outlook
The up-trend resistance line at 1.3650 did not allow the Euro to approach the February high last week, but the currency pair is still poised for gains, being that is it strongly supported by 1.3505/1.3482. Moreover, most of the daily technical indicators are pointing north, suggesting the upward momentum is not yet exhausted and the nearest future will be associated with a bullish tendency.
Traders' Sentiment
At the moment the sentiment of SWFX marketplace participants is slightly more bearish than last week, since the share of short positions increased up to 64% from 62%. Meanwhile, the difference between the amounts of buy (53%) and sell (47%) orders contracted.
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