EUR USD to target 1.2624

© Dukascopy Bank

어느 정당이 그리스 정부를 이끌어가든지 간에, 다음에는 불확실성이 가득한 시기가 올것이다. 그것은 유로에 부정적으로 흘러갈 것이다.

(블룸버그 : 웨스트팩 금융그룹)

Regardless of which party eventually manages the Greek government, the next period here looks to be full of uncertainty. That's going to be a negative for the euro"

- Westpac Banking Corp. (based on Bloomberg)

Industry outlook

A support at 1.2954 has managed to withstand the initial test, but, given the tepid rally afterwards, is expected to give in eventually. EUR/USD should be aiming for 1.2624, while being capped by 1.3081.

Traders' sentiment

Traders' sentiment is currently neutral on EUR/USD currency pair, since the shares of long and short positions are nearly the same, being 52% and 48%, respectively.

Long position opened

Largest brokers set a new long position target as a break of 1.3091 may become an encouraging bullish sign en route to 1.3133. If the uptrend remains, the third target for intraday trading will be 1.3201.

Short position opened

In case of dips, another rally may start after rebounding from the initial support level at 1.2981. However, assuming that the bearish momentum does not weaken, investors will pay attention to the lower support levels at 1.2913 and 1.2871.