- Commerzbank (based on Bloomberg)
EUR/USD attempted to develop beyond 1.06 on Monday, but the Euro's bulls managed to stabilize the situation and sent the currency pair back to 1.0650. Nonetheless, expectations are still on the table and the key target level is April low at 1.0519. Trading is relatively high, meaning is not prepared to diminish. As for the technical indicators on a daily time-frame, the majority of them are mixed with respect to EUR/USD . Among them, assumes the pair is neither oversold nor overbought, despite a strong decline that has taken place recently.
Market sentiment became completely undecided in the past 24 hours. Separately, only 35% of 100-pip pending orders are set to acquire the 19-nation currency.