© Dukascopy Bank SA
- Costas Simitis, Greek PM 1996-2004 (based on CNBC)
Pair's Outlook
EUR/USD surged considerably on Tuesday, as the pair gained more than 100 pips and crossed the long-term downtrend. The cross was able to reach the weekly R1 around 1.2450, but returned back to close the day just below 1.2380. However, at the moment both daily and weekly indicators are assuming to cross will decline soon.
Traders' Sentiment
Distribution between bullish and bearish opened positions registered no changes from Tuesday's morning and is remaining completely neutral. Pending orders in 50 and 100-pip ranges from the current market price, however, dropped back to the red territory, with only 42% of them set to buy the Euro in 100-pip range.
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