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- Saxo Bank A/S (based on Bloomberg)
Pair's Outlook
EUR/USD lost around 65 pips during the trading on Thursday. The Dollar managed to strengthen against the common currency for a second consecutive day, but losses of the pair were successfully limited by the monthly S1 at 1.0875. Nonetheless, a new July low was set at the 1.0855 mark. At the moment EUR/USD is required to consolidate below the mentioned monthly support in order to confirm the medium-term bearish outlook. For the next 24 hours, however, the neutral forecast seems to be more appropriate.
Traders' Sentiment
Sentiment among SWFX market participants improved even further in the past 24 hours, by growing from 55% to 56%.
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