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- ING Bank (based on The New York Times)
Pair's Outlook
After the initial failure to consolidate above the 20-day SMA, pair managed to do so after receiving a push from 55-day SMA. At the moment it is aiming at the September high at 134.95. Peak above it would put October high on the map. Failure at any of these levels most likely would ignite a sell off till the 20-day SMA.
Traders' Sentiment
Situation in the market seems to have stabilised for the time being since bears continue to hold 56% of open positions. In addition to this same share (62%) of pending orders are set in favour of the bulls.
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