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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The euro is now hovering over the psychological level at 1.2900 on Friday, keeping the bullishness intact since Monday lows, when was trading in the boundaries of 1.2750
Traders' focus is on the EU Summit, where leaders are debating the next budget for the 2014-2020 period.

According to Quantitative Strategist David Rodriguez at DailyFX, "our euro forecast versus the US dollar remains bullish, as our proprietary retail forex trading sentiment indicator shows, the majority of traders have sold aggresively into EURUSD strength. In fact, traders are at their most aggresively net-short EURUSD since the lair last traded below $1.30 in late October".

The cross is now up 0.13% at 1.2904 with the next barriers at 1.2915 (MA55d) en route to 1.2950 (high Nov.2) and then 1.2983 (high Nov.1).
On the flip side, dips below 1.2827 (MA21d) would open the door to 1.2825 (MA21d) and then 1.2730 (low Nov.19).
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