© Dukascopy Bank SA
- Deutsche Postbank AG (based on Bloomberg)
Pair's Outlook
This far in the week the only notable move was witnessed on Monday, when the pair plummeted around 150 pips. For the rest of the week the pair has been stuck between the monthly PP and weekly S1 at 145.77/146.44, respectively. Meanwhile, the weekly and monthly technical indicators are still bullish, thus that could spur the buying of the pair, meaning that the weekly S1 and major level at 147 could be breached.
Traders' Sentiment
Traders foresee the JPY to overcome the EUR as the pair's sentiment is 54% on a bearish side and 46% on the bullish one. Meanwhile, in the 100–pip range orders are set to buy in 31% of all cases, while 69% are set to sell.
© Dukascopy Bank SA