- Fidelity Investments (based on CNBC)
The European currency scored gains against the US Dollar on Friday, as it moved from the level of 1.1232 to 1.1273 at the end of day's trading session. However, a much bigger surprise is the Monday's morning, as after the weekend, the currency pair has started the day's trading with an increase in value to 1.1329. In addition, since the start of the session, the currency exchange rate has gained even more and at the moment is at 1.1376. The Euro now face a new weekly R2 at 1.1408 against the US Dollar on Monday.
SWFX traders are still bearish regarding the EUR/USD pair, as 53% of open positions are short. However, pending orders in the 100-pip range are 62% bullish.