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- ECB's Financial Stability Review (based on Bloomberg)
Pair's Outlook
The weekly PP at 146.65 has proved to be stronger then initially anticipated as the pair has been supported by the level for third consecutive day. Currently, the pair is lacking the bullishness that the pair had in the last couple of week, instead of that the selling pressure is rising. Despite the bearish indications, the majority of the daily and monthly technical studies remain to be bullish and that can wake up the bulls once again.
Traders' Sentiment
The portion of bears lost two percentage points, but still a distinct majority of traders expect further strengthening of the greenback, specifically 64% of them. The amount of pending orders set to buy are still at 53%.
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