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- BlackRock Inc. (based on Bloomberg)
Pair's Outlook
The JPY advanced versus the EUR on Tuesday, since the pair hiked above the weekly PP at 133.53. However, the market bulls were not so strong as the cross rose for about 87 pips today only, creating a daily high at 133.97, whereas the daily low lays below the previous day close, at 132.504. Meanwhile, the 55– 100– and 200– day SMA's are trying to change the direction. The broader look shows the pairs' appreciation for the first week in one month.
Traders' Sentiment
While most of the traders are buying the pair, the 50– pip pending orders, together with the 100– pip ones, will be sold in 100% of the case.
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