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- ING Groep NV (based on Bloomberg)
Pair's Outlook
The Euro is continuing to climb towards the weekly PP at 138.61; however, the bullish momentum is rather mild. The daily and monthly technical indicators are slightly bearish; although, the monthly technicals are strongly bullish. Therefore, we might expect the common currency to strengthen gradually. The weekly PP at 138.61 might be reached rather soon; although, it is possible that the Euro will not breach it at first.
Traders' Sentiment
It seems that pair's appreciation has encouraged bullish traders to open positions, as of today 54% of the market participants expect the 18-nation currency to climb against the Yen. In the meantime, the share of sell orders grew from 45% up to 51%.
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