EUR/USD sharply depreciates

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Europe is in recession and with no prospects of it getting better any time soon. The euro will continue to be sold"
- Tokyo-Mitsubishi UFJ Ltd (based on Bloomberg)

Pair's Outlook
EUR/USD pair depreciated sharply during a yesterday's trading session. The pair easily overcame the weekly R1 at 1.3055 and slipped to the weekly PP level at 1.2968. Currently, the price consolidates around this area, but target resistance is 1.2926/1.2891, where the weekly S1 and monthly PP merge with the 55-day and 20-day SMAs.

Traders' Sentiment
Bulls increase their positions by 4% to 48% in SWFX market and bears share shrinks till 52%. Pending orders segment maintains bullish sentiments, as the price experiences a correction. Buy orders have 56% of the market and sell orders have 44%.
© Dukascopy Bank SA
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Actual Topics

Fri, 07 Dec 2012 09:14:42 GMT

GBP/USD edges lower

After few attempts to breach the weekly R2 level at 1.6115, GBP/USD pair slipped lower and currently moves towards a target support at 1.6015/1.6003. This level is important, as it the point of intersection of weekly and monthly PPs with the 55-day and 100-day SMAs.

Thu, 06 Dec 2012 15:58:43 GMT

NZD/USD gains momentum

After having difficulties breaching 0.8247, pair gained momentum and breached quite a few major resistance levels. It does not seem that 0.8341 will be much of a trouble as well. The real question is about 0.8355 as after this major psychological level it is rather questionable if 0.84 will manage to slow down the pair. Technical indicators give positive outlook,

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