EUR/USD slips below 1.3061

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"February's fall in euro-zone CPI inflation and the further rise in unemployment in January raise the chances of further policy action by the ECB."
- Capital Economics (based on MarketWatch)

Pair's Outlook

Last week the price did not receive sufficiently strong bullish impetus at 1.3061 in order to breach the 100-day SMA at 1.3162. Instead it has eroded the support, opening the way towards 1.2929/16, the current location of the 200-day SMA, which presumably has a higher chance of resisting the selling pressure that persists in the market at the moment.

Traders' Sentiment
Currently traders' sentiment in neutral towards EUR/USD, since 52% of positions are long and 48% are short, matching similar ranking in popularity in the SWFX marketplace of the Euro (52%)and U.S. Dollar (49%). As for the orders, 43% of them are buy and 57% are sell.
© Dukascopy Bank SA
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Actual Topics

Mon, 04 Mar 2013 09:16:38 GMT

GBP/USD moves away from 1.5227/1.5175

The risk of a sharp surge up to the region of 1.5372 has subsided, as the bearish scenario came into force, implying that the dip is likely to be extended in the long term.

Fri, 01 Mar 2013 16:27:52 GMT

NZD/USD testing 200-day SMA

Pair remains very volatile—it dipped 100 pips after touching 100-day SMA yesterday, but was pushed almost al the way back by 200-day SMA/weekly S2/Bollinger band at 0.822.

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