EUR/USD returned above the uptrend

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We're starting to see the early signs of some real progress being made in the euro area. We do see the euro rebounding modestly over the next few months"
- Australia & New Zealand Banking Group Ltd.(based on CNBC)

Pair's Outlook
EUR/USD managed to stay above an uptrend support line and rallied up to 1.2369/1.2431, which is supposed to negate bullish impetus and force the pair to stop squeezing shorts and move downwards. Even in case the closest resistance does not contain the price, an area at 1.2519/1.2633 will come into play and prevent the Euro from gaining value more.

Traders' Sentiment
The share of bullish traders (49% at the moment) did not continue to increase yesterday and fell afterwards, leaving the overall traders' sentiment neutral towards the currency couple, despite the Euro staying as the most popular currency. The ratio between buy and sell orders is 54% to 46%, respectively.

© Dukascopy Bank SA
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Actual Topics

Fri, 17 Aug 2012 07:38:54 GMT

GBP/USD bounced off 1.5713/91

GBP/USD rapidly advanced towards 1.5713/91, but lacked momentum in order to penetrate it and then target subsequent levels at 1.5824 and 1.5883. Accordingly, the pair is currently falling and is likely to move at an accelerated pace in the direction of 1.5658/08, the support zone which is reinforced by 1.5573, but is not viewed as strong enough to halt extension

Thu, 16 Aug 2012 14:53:46 GMT

NZD/USD advances above 0.8083

200 day SMA gave enough boost for the pair to breach Fibonacci retracement levels at 0.8074/83. At the moment there is no clear signs that Kiwi should experience any difficulties to advance to 0.8138 by the end of this trading week. 

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