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- Citigroup Inc. (based on Bloomberg)
Pair's Outlook
Past 3 days lets to believe that pair might be range bound (118.8-121.8) and for the time being it seems that such situation might continue all the way till the end of this week. However, daily Stochastic indicator and weekly technicals suggest pair should resume its rally. Similar expectations are coming from major market participants as well.
Traders' Sentiment
It seems that bulls are starting to regain some ground-there share in the market increased by few percent and at the moment they constitute for 59% of market participants. In addition to this, 58% of all pending orders are to go long as well.
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