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- IHS Global Insight (based on The Wall Street Journal)
Pair's Outlook
Pair continues to hold in accelerated uptrend which started on the 6th of September and by doing so aims at August high at 1.345. At the moment the pair seems more than capable of reaching this limit, but it is uncertain if it could advance any further. Gains could extend to 1.352 and only closure above it would put higher limits, like 1.365/67 monthly and weekly R3, on the map. Dip below 1.33 could send the pair trailing to 1.310.
Traders' Sentiment
Bears are maintaining tight grip on the market as they strengthened their control further. At the moment they account for 67% (+2% since yesterday) of market participants. Pending orders are back on being perfectly distributed between the long and short traders.
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