© Dukascopy Bank SA
- CIBC world markets (based on Reuters)
Pair's Outlook
Pair dipped to 100.3 earlier in the session today, but was dragged back in to the boundaries of the Bollinger band pretty quick. Pairs outlook remains neutral in the near term, however, the Stochastic indicator and weekly technicals suggest we are on the brink of bullish rally and at the moment most pressure is coming from 200-day SMA.
Traders' Sentiment
Share of bulls in the market increased by 3% and at the moment they hold 53% of all position on the pair in the market. Share of pending buy orders did not change a bit since yesterday—54% are to go long.
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