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- University of Athens (based on Bloomberg)
Pair's Outlook
Due to low trading volumes towards the end of the calendar year, even the most traded currency pair was a subject only to marginal changes on December 30. The EUR/USD pair remained well supported by the weekly S1 at 1.2137, which is reinforced by the 2014 low at 1.2123. We assume that there will be no major changes in the value of the pair at least until January 2. Despite the dense demand area from below, even the short-term bullish scenario is unlikely due to low activity of market participants at the moment.
Traders' Sentiment
Long opened positions to buy the single European currency versus the American dollar were completely unchanged during last 24 hours, as they remained at 56%, the highest level in four weeks.
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