© Dukascopy Bank SA
"Since the rumoured and delivered WSJ Fed-watcher [Jon] Hilsenrath article last Friday/Saturday, this has been a week of some adjustment in the expected time-table for the Fed to begin reducing its pace of asset purchases. It appears even the uber-doves may think some lessening is prudent."
- RBS (based on The Australian)
Pair's Outlook
After some initial resistance pair managed to breach 0.9738. technicals do not give strong clear indications about further development. However, it is pretty safe to assume that pair will maintain current course. We might see a bullish attack in the beginning of new week as well. Especially taking in to account that pair is trading in the lower limits of the Bollinger band.
Traders' Sentiment
Share of bulls in the market returned to the beginning of the week levels. At the moment they account for 75% of market participants. Pending orders, however, has not changed a bit since yesterday it is at 60% gauge in favour for the bears.
© Dukascopy Bank SA