© Image watermark
- Context Asset Management (based on Bloomberg)
Pair's Outlook
The pair remained flat on Tuesday, trading in a zig-zag motion and spiking from the 4– hour 55– and 100– SMA cross. Looking at a daily chart, the candle managed to grow to 0.8198 and dive to 0.8127, being rather volatile today. In fact, those are the exact levels of the Bollinger band and its 20– day SMA. Generally, the cross is traded at the same levels for the third day.
Traders' Sentiment
71% of traders expect the pair to tick eventually tick higher. Meanwhile, the 50– pip long pending orders are still opened for 42% of traders and those for the 100-pip ones are almost the same, 45% to be exact.
© Image watermark