© Dukascopy Bank SA
- Goldman Sachs (based on Bloomberg)
Pair's Outlook
The 18-nation currency continues to outperform the Japanese Yen rather heavily as the pair has reached more than a six month high today at 142.30 by the time of writing. Moreover, the pair has gained more than 450 pips through the last two trading sessions, which is more than significant advance. At the same time the technical indicators have become less bullish, as of now only the monthly ones remain to the upside.
Traders' Sentiment
The sentiment has changed just slightly since Friday as 55% of the SWFX market participants have opened bearish positions on the pair. The distribution between the buy and sell orders is less stable—65% and 35% respectively.
© Dukascopy Bank SA