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"Obviously the thought of open-ended QE is a bit shocking and ... it shows how desperate the Fed is at the moment, so in a lot of ways it's not really a good thing."
-Scotiabank (based on Reuters)
Pair's Outlook
Pair demonstrates bullish correction and though it should continue to appreciate in the near term, it should rebound from any of resistance levels above current price. While continuing it's path downward pair should remain bounded by Bollinger's band.
Traders' Sentiment
Bullish sentiment on the pair remains mildly above 70% mark. Distribution of pending orders does not suggest any changes in the near future as 58%, 4% more than on Friday, of all pending orders on the pair are buy orders.
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