© Dukascopy
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- Westpac Banking Corp. (based on Bloomberg)
Industry outlook
Being capped by a strong resistance zone situated at 1.3855/1.3930, the pair is expected to carry on sliding down. The primary target lies at 1.3381/60, just above 1.3145. The long-term goal is located at 1.20.
Traders' sentiment
Traders' sentiment has slightly improved for the European currency, as the number of its supporters has gone up to 48.22%. Accordingly, the share of market participants with short trades in EUR/USD has dropped to 51.78%.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 1.3832, followed by R2 and R3 at 1.3906 and 1.4056 respectively.
Short position opened
Key support for EUR/USD intraday trading is situated at 1.3682. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.3606 and 1.3456.