© Dukascopy Bank SA
- Moody's Analytics (based on The Irish Times)
Pair's Outlook
Pair started the week in a rather calm manner and continues to trade just slightly below the 6 month high. As suggested by the short and long term technicals pair is likely to maintain this bullish stance and test the mentioned high in the nearest future. However, the pair is not likely to advance above the 1.348 just right now; dips should be supported by the weekly S1 at 1.323.
Traders' Sentiment
Uncertainty seems to be creeping in to the market as share of bearish open positions decreased by additional 2% (till 60%) and pending orders are perfectly evenly distributed between the long and the short traders.
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