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- Sarhan Capital (based on MarketWatch)
Pair's Outlook
For a fourth day in a row the EUR/USD pair is swinging between gains and losses, waiting for some impetus to come and push the cross in some direction. It is likely that the Euro is preparing for the ECB's decision-making day tomorrow. Currently the trading range is located between 1.1540 and 1.16, but the overall sentiment still tends to be negative for the euro. However, Wednesday is likely to remain little volatile before possible bearish development overtakes a lead on Thursday.
Traders' Sentiment
Even though the share of bullish positions added one percentage point form yesterday, it is still remaining on the negative side at 49%.
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