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- George Soros (based on The Guardian)
Pair's Outlook
After what seemed like a possible end of the rally yesterday, pair picked up the pace once more and at the moment is trying to advance outside the boundaries of the Bollinger band. The Stochastic indicator in the short term sends a sell signal, but as it is a standalone signal we might expect only a short lived correction. Weekly and monthly technicals give strong indications about further appreciation of the pair.
Traders' Sentiment
Although pair has appreciated significantly bears continue to hold slim majority in the market. For the second day in a row they account for 51% of all market participants. Bulls, however, are willing to gain the upper hand as 76% of all pending orders are to go long.
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