EUR/JPY opens week a with a loss; bulls aiming at 101.64

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"You have economic growth in the States probably running at about 2 percent annualized rate, and you've got growth in Europe a lot slower than that, so therefore in the relative growth scenario you would still favor the U.S. and that's probably attracting cross-border flows."
- Standard Life Investment (based on Reuters)

Pair's Outlook

The shared European currency moved lower today against the Japanese Yen. Yet, if bullish momentum holds, 101.64 (55-day SMA) is likely to become an initial resistance line; once breached, a path towards 102.15 (R1 Weekly; Upper Bollinger band) and 104.55/65 (100-day SMA; R3 Weekly) is going to be cleared.

Traders' Sentiment
Presently, the majority of currency traders (68%) keep long positions on EUR/JPY as they anticipate the pair to advance further, whereas 32% of traders anticipate an alternative scenario. Regarding orders positioning on EUR/JPY, the vast majority (64%) of traders stick to a bullish trend continuation.
© Dukascopy Bank SA
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Actual Topics

Mon, 25 Jun 2012 15:40:27 GMT

AUD/USD is trying to reach 0.9955; flirting with 55-day SMA

The Aussie dollar slumps lower against the US dollar along with the 55-da simple moving average. If bearish correction deepens further, 0.9955 (S1 Weekly) is likely to become the first target. A breakout here would expose next support lines at 0.9826 (23.60% Fibo) and 0.9740 (Lower Bollinger band; S3 Weekly), respectively.

Mon, 25 Jun 2012 08:19:45 GMT

USD/CHF to reach 0.9756

USD/CHF holds an upbeat momentum, thus it is likely 0.9639 will be the first target among bulls. A breakout here would pave the way to 0.9736 (May 31 High) and 0.9806 (R3 Weekly), respectively. In an alternative case, if bears overtake the initiative, 0.9531 is going to be the first support for the currency traders, though the bearish correction is likely to be confronted by

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