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- Meiji Yasuda Life Insurance Co. (based on Bloomberg)
Pair's Outlook
The Euro continues to fall and at the moment it is sliding toward the major level at 137. Current trading levels are the lowest since the beginning of February; therefore, the pair's movements around the 137 mark should be watched carefully. If Europe's shared currency dips below the 137 level then most likely it will continue its decline towards the monthly S1 at 136.46. Although, if pair's bulls manage to hold the pair above the 137 mark, then a jump could follow.
Traders' Sentiment
Current decline is apparently discouraging some of the traders; as compared to the yesterday's readings, the share of long positions fell from 50% to 44%. At the same time the difference between the buy (54%) and sell (46%) orders is rather narrow.
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