© Dukascopy Bank SA
-Societe Generale SA (based on Bloomberg)
Pair's Outlook
Pair managed to breach psychological 100 level today, however it has not gain momentum as expected indicating that traders are not yet convinced that this advancement will last long. It is likely that Bollinger band at 100.440, where the pair is now, and uptrend resistance at 100.785 will put some pressure on the pair slowing it down and eventually pushing it back below 100.
Traders' Sentiment
Sentiment on the pair is in perfect equilibrium between bears and bulls today. However, it is very likely we will see a major strengthening in bullish traders sentiment since 71% of all pending orders are buy orders.
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