Technical Analysis EUR/USD to breach 1.3335/28
Technical Analysis EUR/USD for August 08, 2014
Pair’s Outlook
EUR/USD keeps trying to push through the support at 1.3335/28, a breach of which will pave a way towards the key level at 1.33. A sell-off beyond that point may be postponed, given the significance of the level. As suggested by some of the monthly technical indicators, there is likely to be an upward correction, possibly up to 1.35, before the currency pair posts a new low since the last quarter of the previous year.
Traders’ Sentiment
The sentiment of the SWFX market participants towards EUR/USD continues to fluctuate between bullish and neutral, as the difference between the bulls and bears is still minimal, only 14 percentage points in favour of the former.
Source: Dukascopy
