EUR/USD retests previous high at 1.3014

EUR/USD retests previous high at 1.3014

'Germany should give parliamentary approvals to the new Greek debt deal later today which may also help sentiment towards the Euro' - National Australia Bank (based on Bloomberg)

Pair's Outlook

EUR/USD pair steps higher and during yesterday trading session broke a few days high and peaked at 1.3014, which is the highest point this month. However, the price still maintains bullish sentiments and steps towards new resistance levels: firstly the exchange rate have to settle above 1.3020 and secondly 1.3063, where the Bollinger band and the weekly R1 levels intersect.

Traders' Sentiment

The difference between bulls and bears in SWFX market shrinks and currently there is 45% of buy positions and 55% of sell positions. Pending orders segment has stronger sentiments to see new highs, as 60% placed orders are buy and 40% are sell.