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- Gain Capital Group LLC (based on Bloomberg)
Pair's Outlook
After yesterdays failure to breach weekly R1 pair is retesting it today. As indicated by the short term technicals pair is likely to breach this technical level in the nearest future, but we should expect pair's failure in the medium to long term. It seems very likely that 1.330 will be main cause of the failure.
Traders' Sentiment
Situation in the market remains exactly the same as yesterday. 56% of all traders on the market remain bearish on the pair and 53% of all pending orders are set to go short on the pair as well.
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