© Dukascopy Bank
"We see further U.S. dollar strength versus the euro, yen and sterling"
- Barclays Capital (based on Reuters)
Industry outlook
This week EUR/USD currency couple is expected to seek for lower levels. At the moment the pair is approaching an uptrend at 1.3156, which guards 1.3072 (55 day ma). From above EUR/USD is capped by 1.3322 and 1.3389.
Traders' sentiment
Traders' sentiment is neutral on EUR/USD currency pair, as the share of long and short positions is nearly the same, being 48 and 52 per cent, respectively.
Long position opened
Initial resistance area for the pair is situated at 1.3290. Subsequent goals for the bullish market payers may be found at 1.3384 and 1.3437.
Short position opened
Major FX traders expect the price to test the initial support level at 1.3144. The breakout of this line will pave the way for the price to test S2 at 1.3092 and S3 at 1.2998.
© Dukascopy Bank