EUR/USD slightly lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We expect Monti to find parliamentary majorities for his reforms and to stay on until April 2013 though it may get noisy, possibly even with a discussion about early elections"
- Berenberg Bank (Based on Bloomberg)

Pair's Outlook
A new week starts with a slight decrease of EUR/USD pair, as the price settled beneath the upside trend, which began on 25th of July. Currently the price is very close to the 55-day SMA at 1.2878. The next support level would be 1.2840, where are the Bollinger band and the weekly S1, monthly PP levels. However, currently this pair is in a very vague situation and may develop into a new triangle pattern, a down sloping channel or just in a wide flat zone.

Traders' Sentiment
Situation in SWFX market since Friday has not changed and keeps a pessimistic spirit about EUR/USD pair, as 45% have a long position and 55% hold a short. Pending situation segment shows 55% orders are to acquire the Euro and 45% to buy the Dollar.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 29 Oct 2012 09:02:33 GMT

GBP/USD rebounds from 1.6120

As we expected last week, GBP/USD pair reversed its movement and pulled back from a 1.6120 level down. If the currency pair continues to decrease the next support level will be around a 1.6065/50 area, where crosses the 20-day and 55-day SMAs and the weekly PP. On the other hand a long-term price decrease becomes more flatter and indicates a

Fri, 26 Oct 2012 15:33:55 GMT

NZD/USD testing Bollinger band boundaries

Pair is trying to breach Bollinger band boundaries after receiving a bullish impetus form 20 bar SMA at 0.8177. Although this seems to be a rather strong push and even if pair breaches Bollinger band it should not manage to advance far above 0.824.

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.