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"Not fighting the Fed is a well-established market position. The market is still saying we expect rates to go up."
- Citigroup Inc. (based on Bloomberg)
Pair's Outlook
After a comparatively volatile session yesterday (100 pip trading range) pair seems to have stabilized and is wiling to recover all of yesterdays losses. However, short term technicals suggest that pair is likely to remain in the recent bearish trend and we should wait for the recovery for some time.
Traders' Sentiment
Situation in the market became significantly more bullish. Although share of bulls in the market remains at the same 72% as yesterday, pending bullish orders increased by 16% and is at 73% gauge today.
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