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- ING Bank NV (based of Bloomberg)
Pair's Outlook
Recent moves are showing signs of increased downside risk of the pair. 1.347/44 should act as a strong short term support, mainly due to the presence of the accelerated uptrend. In case the pair dips below it, we could see it falling to 1.333 area. In order to uplift most of this downside risk the pair should rise above the monthly R2, which acted as quite a strong resistance in the recent days.
Traders' Sentiment
Pressure on the bearish side of the traders has increased a bit. At the moment they account for 67%, which is 2% less than yesterday, of market participants. In addition, bullish side of the pending orders increased by 2%.
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