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Pair's Outlook
The Euro extended its advance and at the moment it is challenging the weekly R1 and monthly PP at 139.49/69. In case the shared currency successfully breaks the 200-day and monthly PP barrier at 139.68/69 then the pair could reach the major level at 140 soon. However, if the pair fails to break this resistance level then we might see a drop back to 139 level. The daily technical indicators are less bearish than yesterday; however, largely they are still bearish.
Traders' Sentiment
At the moment of writing 51% of the SWFX market participants are expecting the single European currency to lose value against the Japanese currency. Concerning the orders placed 100 pips from the spot, there are now slightly more commands to buy—70%.
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