© Dukascopy Bank SA
-ING Financial Markets Research (based on MarketWatch)
Pair's Outlook
Pair's double bottom pattern is signalling a further augmentation of the pair. However, it is highly likely that such a development will be rather slow and, at least for the nearest future, pair will be trading between 97.143 and 95.660.
Traders' Sentiment
At the moment number of long traders outweighs short traders with the ratio of 3 to 1. However, in the range of 100 pips from the current price, number of long orders is only 60% which might indicate a start of radical change in the traders sentiment.
© Dukascopy Bank SA