EUR/USD refuses to return below 1.13

Bears attempted to commence a sell-off of the Euro against the Dollar on Monday, by pushing the cross below 1.13. However, they failed eventually as the pair managed to close the trading session above this round level. We see EUR/USD preserving its upside corrective sentiment in the short-term. Additional support is offered by the demand zone at 1.1295/45. On the other hand, any changes may remain quite subdued before the Fed interest rate decision on Thursday.

  

EUR/USD's sentiment among lost one additional percentage point yesterday, while the total share of bulls declined from 48% to 47%. On the other hand, the portion of long pending orders in 100-pip range from the spot regained 5% to hold the 54% share on Tuesday.