EUR/USD is under downside risk

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The euro still faces pressure, but it's not a steady path downward"
- Barclays (based on CNBC)

Pair's Outlook
EUR/USD remains flat just above 1.2106, but is expected to recommence inching lower, being that indicators for daily and monthly timeframes are mostly bearish. Moreover, there are no formidable supports until 1.2020/1.1976, from where the pair might undergo a prolonged bullish correction due to a strong downtrend support.

Traders' Sentiment
Portion of bulls has contracted to 60%, as some of the long positions are being closed. At the same time the share of bearish towards EUR/USD traders (40%) is increasing, gradually drawing the sentiment of SWFX market participants to a more neutral state. The ratio between buy and sell orders is 47% to 53%, respectively.

© Dukascopy Bank SA
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Actual Topics

Tue, 24 Jul 2012 07:13:04 GMT

GBP/USD rebounds from 1.5504

The Cable has bounced off a support line at 1.5504, though gains are likely to be tepid, given that the currency pair is headed towards 1.5283/51 and long-term outlook for which is from neutral to bearish. In case of a rally, resistances at 1.5574/83 and 1.5620 will guard a key zone at 1.5724/31 from being challenged.

Mon, 23 Jul 2012 15:46:19 GMT

AUD/USD near support of minor channel, bulls activating

Aussie has been on the decline for the last three trading days, and AUD/USD is currently testing the 20-day SMA at 1.0253 (near Support 2). If the level is broken, we are likely to see a slide towards parity, where activation of bulls is expected. Weekly R1 at 1.0417 is capping the pair's potential bullish moves, serving as the first

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