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- Insight Investment (based on The Financial Times)
Pair's Outlook
Pair is continuing to depreciate after a 650 pip dip yesterday. Pair managed to find some initial support at 119 and recover some of the losses, but overall outlook is remaining bearish. Weekly technical and marled sentiment points at recovery of the pair, but daily technicals suggest this is a medium term scenario and in the short term might fall a bit more. Highly likely that mentioned 119 level will help the pair pick up.
Traders' Sentiment
Pair's sentiment has stabilized after a sharp move against the bulls. At the moment, the same as yesterday, there are 57% of long positions and 43% of short. Waiting orders market is rather similar, as 66% of orders are set to go long.
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