© Duakscopy Bank SA
At the moment, the currency couple is trading above its 50-hour SMA and seems to be not willing to slow down the pace of appreciation. However, market sentiment does not confirm this, showing that 64.52% of traders bet on a decline of the pair. Meanwhile, technical indicators are sending mixed signals, suggesting a bullish trend in short and medium term and a bearish– in long-term.
© Duakscopy Bank SA