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"In the past, the news that has come out of Jackson Hole has been because the principle presenters are in a position of policy prominence, and it seems to be lighter ... this year."
- Northern Trust in Chicago (based on Reuters)
Pair's Outlook
The pair maintains its mildly bearish stance and at the moment is approaching strong support are around 92 cents. However, technical indicators do not give clear indications if the pair will consolidate below it. It seems that we should see some choppy sessions in the nearest future between the 92 cents and 20-day SMA.
Traders' Sentiment
Market remains dominated by the bulls. At the moment they account for 70% (-1% since yesterday) of market participants; 74% (+3% since yesterday) of pending orders are set to go long.
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