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"Banks need to be more efficient, that's very simple. Everything that can be done will be done in terms of moving business."
- EBF President Christian Clausen (based on Bloomberg)
Pair's Outlook
Pair dipped 200 pips in the last 3 days of the last week, but managed to recover by 60 until closing at 0.9080 at Friday. Pair recovered additional 15 pips since the start of this week. Taking in to account recent developments and readings of technical indicators this recovery might be just the bulls testing market and we are likely to see one more dip—0.905/4 and 0.902 should be the first levels to focus on.
Traders' Sentiment
SWFX market players have entered more bearish positions than bearish, since the bullish side has 44% of positions and the bearish side has 56%. Pending orders segment is gently bullish, with 56% of waiting orders being buy and 44% of them being sell.
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