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- Rabobank International (based on Bloomberg)
Pair's Outlook
The Euro continued to outperform the Japanese Yen heavily for the first four days of the week; however, today the pair has dropped and almost all of this week's gains have been reversed. The main reason behind this slump is an informational shock that was strengthened by the failure to surpass the 2007 low, weekly R2 and monthly R3. Meanwhile, the technical indicators have become more neutral, after being bullish for a while, what could mean
Traders' Sentiment
The sentiment has not changed since yesterday, as a distinct majority of the SWFX traders' still have opened a short position towards the pair, namely 63% of them. Meanwhile, the share of sell orders grew from 44% up to 53%.
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