EUR/JPY depressed under 98.749

Note: This section contains information in English only.
Source: Dukascopy Bank AS
© Dukascopy Bank AS
"The sustained fiscal austerity and ‘muddling through' approach to the crisis is increasingly taking its toll on economic confidence across the region." 
-Martin van Viet, ING Financial Markets (based on Financial Times)

Pair's Outlook

EUR/JPY remains stable today trading in 20 pip range for the whole day and is does not have enough force to breach cluster of resistance levels at 98.749. technical indicators point at appreciation of the pair so it is highly likely the pair will continue to hover around 98.6.
 

Traders' Sentiment

Traders sentiment remains equally divided between long and short traders. However, for the third day in a row, 80% of all pending orders are buy orders indicating that traders are waiting for pair to breach a major resistance level.

© Dukascopy Bank AS
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Actual Topics

Thu, 30 Aug 2012 14:56:59 GMT

AUD/USD drops below SMA200

Aussie continues to loose ground against greenback. Pair's outlook Is mildly positive, the stochastic indictor send buy signal as well indicating that the pair should try to regain some of the loses in this week.

Thu, 30 Aug 2012 07:15:05 GMT

USD/CHF eyes 0.9407/0.9395

USD/CHF is anticipated to continue descent after a breach of 0.9577 and then to meet a subsequent support at 0.9510/04, which might slow down the pair, but is unlikely to prevent it from reaching a key area at 0.9407/0.9395. There the price is assumed to receive bullish impetus and to advance at an accelerated pace at least at the beginning

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