© Dukascopy Bank SA
- Markit (based on CNBC)
Pair's Outlook
This week the Euro has performed unusually good, especially, with its 90 pips jump on Wednesday and today the pair touched even the major level at 138. However, to extend the pair's advance it has to stabilise above the major level and also the bulls have to take care of the weekly R3 and 55-day SMA at 138.18/26. Nevertheless, in case the pair fails to surpass the 138 mark then we are likely to see fluctuation between 137 and 138 levels.
Traders' Sentiment
The difference between the long (45%) and short (55%) positions stabilised since yesterday, when 59% of the SWFX market participants were bearish. At the same time the gap between the buy (39%) and sell (61%) orders is widening.
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