© Dukascopy Bank SA
- BlueBay Asset Management (based on Bloomberg)
Pair's Outlook
As the pair maintains its bullish stance we are forced to change its outlook from mildly bearish to mildly bullish. At the moment it is trading just slightly below the weekly R1 at 1.335. Pair seems to be very likely to test 5 month high in the nearest future. However, it should hold initial test which could send the pair towards 1.32.
Traders' Sentiment
Bears took additional 2% of the market from the bulls and at the moment account for 65% or market participants. Pending orders remain at the same 54% in favor for the bears as well.
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