EU and UK agreed to extend the deadline on Brexit negotiation, and market believe that the deal will be reached. However, EUR/USD showed little reaction to Brexit updates in recent trading sessions. The situation may change quickly when EU and UK announce the final results of negotiations.
The EUR/USD pair is moving toward near the resistance level of 1.2155 while the U.S. dollar is losing it place against other currencies. The U.S. dollar lose it momentum as it failed to settle above the resistance level of 91 and is moving toward the support level at the yearly low of 90.50. The EUR/USD will gain downside momentum which will be bullish for EUR/USD pair if the U.S. dollar fall below the 90.50 level.
FOLLOWME Overall Sentiment (As of 6:00 p.m.)
As shown above, the overall sentiment of FOLLOWME traders in this symbol leans towards short-selling with a ratio of 67.16% while the rest of 32.84% is long position.
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