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"It appears the SNB has been successful, and investors are moving money out."
- AG Bisset (based on The Wall Street Journal)
Pair's Outlook
Pair started the week above the last weeks closing level. At the moment it is trading slightly above the 200-day SMA. Pair has tested the strength of this support level already. Combined with the readings of the Stochastic indicator in the short term it seems that 200-day SMA could become a catalyst behind the pairs appreciation which is anticipated by the major market participants.
Traders' Sentiment
After a major move at the end of the last week, bulls are holding up steadily and continue to control 74% of all outstanding positions. It is unlikely that situation could change significantly soon as pending orders are almost equally divided between the long and short traders.
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