EUR/USD is headed towards 1.2187

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"I think the dollar will find it difficult to make gains, given there is growing speculation that the Fed might take some action next week"
- Mitul Kotecha, Credit Agricole (based on CNBC)

Pair's Outlook
EUR/USD is currently rallying and is about to hit resistance at 1.2187, above which lies a subsequent level at 1.2241/62. Key resistance area is fairly wide and stretches from 1.2386 to 1.2474. It is expected to cap the pair, which may gain even more bullish momentum and attempt to extend present advancement. However, long-term outlook remains bearish and we should soon observe resumption of a downtrend.

Traders' Sentiment
SWFX traders' sentiment is bullish towards EUR/USD, being that 61% of all the positions opened on the currency pair are long and 39% are short. Moreover, the Euro is the most popular currency at the moment in the marketplace among its major counterparts, since it has being acquired in 73% of cases.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 26 Jul 2012 07:03:54 GMT

GBP/USD pushed through 1.5504

Despite 1.5504 proving to be a formidable support level, it has given in and thus allowed further depreciation of the British Pound. The next target of the pair resides at 1.5406/1.5389, being the last obstacle en route to 1.5283/51, where we are supposed to see an inception of a long-term upward tendency. Although it is also worthy to notice that

Wed, 25 Jul 2012 19:27:34 GMT

USD/NOK to meet with 6.0720

Yesterday's bullish reaction did not last for long, and now USD/NOK returned to downwards trend, that was started 2 weeks ago. Although RSI indicator still remains neutral, further bearish movement could be expected, since a gap, which occurred between July 20th and July 22th might be closed in the near future, therefore short-term goal for the USD/NOK currency pair might

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.