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- Richard Adcock, UBS AG (based on Bloomberg)
Pair's Outlook
EUR/USD pair firmly steps higher from the monthly R1 at 1.3063 and surges further towards the upper Bollinger line at 1.3115. It is very likely to see that the price will reach 1.3115/21 level, were the monthly R1 merges with the Bollinger band. But after four straight gains in a row, the price should consolidate around 1.3120 level.
Traders' Sentiment
Federal Reserve Bank's decision does not change a situation and bears still have a majority - 45% are buy positions and 55% are sell positions. Pending orders segment possesses bullish sentiments, as 61% of placed orders are buy and 39% are sell.
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