© Dukascopy Bank SA
- Scotiabank (based on The Wall Street Journal)
Pair's Outlook
Rather unexpectedly pair has received a minor bullish impetus from the weekly PP which sent the pair 50 pips above it. However, pairs outlook remains bearish as it does not seem capable to advance above the weekly R1 at 1.335 in the nearest future (this level should cap all the short term rallies). Dip below 1.322 could provoke a filature till the 1.31.
Traders' Sentiment
Situation in the market changed just a little bit. 63% of market participants remain short on the pair, but share of pending short orders dropped by 4% and is at 54% gauge.
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