© Dukascopy Bank SA
"The Fed has set the bar very high for not doing QE, highlighting that incoming data would need to point to a substantial and sustainable strengthening in the pace of the economic recovery."
-BNP Paribas (based on The Wall Street Journal)
Pair's Outlook
It seems that 1.05 mark is and will be unbreakable for the pair for some time in the future. Pair has fell below weekly PP and as pairs outlook remains positive in the medium term it is likely to recover at least some of todays loses.
Traders' Sentiment
Majority of traders remain bearish on the pair, however their amount dropped significantly and is at 60% gauge today in comparison to 74% yesterday. The situation on pending orders has gained some clarity as sell orders have pushed scales to their side after being in perfect equilibrium with buy orders yesterday.
© Dukascopy Bank SA