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- RBS Securities (based on Reuters)
Pair's Outlook
For the past 5 trading days the pair has been depressed under the 6 month high and at the moment it does not seem that consolidation above it could be possible. That's a a rather clear case for the short and medium term since equivalent outlook technicals give neutral outlook suggesting that there is no bullish catalyst present in the market. For the long term, however, there are minor indications that the pair should maintain mildly bullish trend which started on the 10th of July.
Traders' Sentiment
Situation in the market remains exactly the same as yesterday. Bears account for 60% of market participants and pending orders are perfectly evenly distributed between distributed between the long and short.
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