EUR/USD breaches the 200-day SMA

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Cypriot authorities will introduce more progressivity in the one-off levy compared to what was agreed on March 16, provided that it continues yielding the targeted reduction of the financing envelope and, hence, not impact the overall amount of financial assistance." 
- The European Finance Chiefs (based on Bloomberg)

Pair's Outlook

EUR/USD continues to appreciate and moves towards the upper part of the gap. In order to close it, the price has to overcome an intersection point of the 200-day SMA and the weekly PP at 1.2962. If the major currency pair settles above this level successfully, the 20-day and the weekly R1 located in 1.3022/36 area will maintain the second serious resistance for a subsequent price's upturn.

Traders' Sentiment
The Euro bulls stepped in the lead, as a bullish market share expanded to 52%. Mostly traders bet on a high probability that the price will close the gap soon. However, pending orders segment remains gently bearish, since 55% of orders are waiting to sell the Euro.
© Dukascopy Bank SA
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Actual Topics

Tue, 19 Mar 2013 07:05:13 GMT

GBP/USD faces consolidation

The British Pound faced very low volatility during a trading session on Monday, as the price fluctuated only in a 70 pips range.

Tue, 19 Mar 2013 15:00:07 GMT

AUD/USD jumps from 55–day SMA

Pair opened below 55-day SMA and it took a bit of a time to breach it, but once it did pairs advanced was rather quick and after appreciating by more than 50 pips today it is trying to return to week end levels and at the moment is testing the strength of the cluster of resistance levels around 1.04.

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