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- ForexLive (based on Reuters)
Pair's Outlook
With this week's bullish stance the pair headed for the 1.15 level, which it approached earlier today.However, shortly after reaching this significant level the pair fell lower. It is not clear whether the pair is ready to surpass this level, while the weekly technical levels continue to suggest that the pair is poised for an advance. To our mind, the Greenback will form another attack towards the 1.15 mark and it could be successful.
Traders' Sentiment
After a brief dip (down to 71%) the percentage of long positions returned to its more familiar level—74%, meaning the sentiment is likely to stay bullish for some time. In the meantime, the share of sell orders reached 54%.
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