© Dukascopy Bank SA
-Jack Spitz, National bank financial (based on Reuters)
Pair's Outlook
Pair continues to depreciate and is trying to breach 0.985 today. Although pairs outlook is neutral, but technical indicators support possibility of further depreciation of the pair, which is very likely as in 50 pip range below 0.985 mark there are no significant support levels.
Traders' Sentiment
Trader sentiments remains bullish and hovers above 70% gauge for two and a half weeks. Distribution of pending orders does not suggest any bigger changes in near future as well since buy and sell orders are almost in perfect equilibrium.
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