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"If we continue to see moderately positive data coming out of the U.S., that is going to reaffirm the position that the U.S. economy might actually be in better shape than expected."
- Chris Hunter, Business Solutions (based on Wall Street Journal)
Pair's Outlook
Pair bounced from 200 day SMA today, but although outlook on the pair is positive breaching 0.8083 might be a hard task. However, if the pair breaches this level it is highly likely we will see a double top forming with a resistance level between 0.8138 and 0.8194.
Traders' Sentiment
Current market sentiment slightly increased in favor for the bears today and remains mildly above 50% mark. Allocation of pending orders is similar as in the range of 100 pips from the current market price buy and sell orders are in perfect equilibrium.
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