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–Vladimir Putin (based on Bloomberg)
Pair's Outlook
The common European currency is between two strong clusters against the US Dollar on Monday, as the currency exchange rate previously on Friday retreated from the 1.12 level by the end of day's trading session. However, the resistance from the upside is stronger, as the support cluster, and the daily aggregate technical indicators forecast a fall for the currency exchange rate during today's trading session. Due to that, it is most likely that the Euro will depreciate against the Greenback by the end of Monday's trading.
Traders' Sentiment
SWFX traders remain bearish on the pair, as 60% of open positions are short on Monday. In the meantime, pending commands are 58% to sell the pair.
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