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    EUR/USD sets third weekly gain

    © Dukascopy Bank SA
    "From what I've heard about the technical discussions at the weekend, I'm very skeptical."
    - Wolfgang Schauble, German Finance Minister (based on Bloomberg)

    Pair's Outlook
    During Feb 9-13 time period, the EUR/USD cross registered a third consecutive weekly increase in its value. At the same time, on Friday the pair declined slightly, as 20-day SMA used to be a strong enough resistance to push the single currency back below 1.14. Right now EUR/USD is trading around this round level, while during Monday it has a chance to increase towards weekly R1 at 1.1463, but in the medium-term this level is likely to send the pair downwards. 

    Traders' Sentiment
    Bullish opened positions at the SWFX market continue to hover just below 50%, with as many as 48% of them registered in the morning on Monday. Alongside, SWFX commands to acquire the Euro in 100-pip range from the spot are completely neutral right now.

    © Dukascopy Bank SA

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