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- George Soros (based on The New York Times)
Pair's Outlook
Pair continued it's rally after a bounce off October low and at the moment is consolidating above weekly R1/20-day SMA at 133.74. We expect that some bearishness, most likely around September or October highs, should follow up next, but overall trend should remain bullish. In case of an unexpected failure, if the pair dips below 133.39 it should be sold off to 132.45.
Traders' Sentiment
Bearish side of open positions increased by 2% since yesterday and is at 53% gauge today. At the same time, bullish side of pending orders increased by 4% and is at 55% today.
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