EUR/USD attempts to pare losses

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Worries over Spain have been around for the last three-four weeks. Greek elections helped us avoid a bigger catastrophe, but they couldn't do anything about the Spanish woes"
- Bank of Tokyo-Mitsubishi UFJ (based on CNBC)

Pair's Outlook
Yesterday's rally did not live up to expectations and did not develop into a full-blown upward advancement towards 1.2936, but in turn resulted in a sharp fall. Nonetheless, the currency pair still preserves bullish potential, unless it dips below 1.2528/15. Then EUR/USD is likely to retarget 1.2344/26 and afterwards 1.2210/00, as long-term indicators point to the downside.

Traders' Sentiment
Despite the fact that long on EUR/USD SWFX marketplace traders outnumber short traders, the overall sentiment remains mixed, since the advantage of 2% is yet negligible. On the other hand, the latest tendency of bulls to lose in numbers persists, even though the single European currency stays as the most popular among its major peers.

© Dukascopy Bank SA
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Actual Topics

Tue, 19 Jun 2012 07:28:35 GMT

GBP/USD consolidates ahead of 1.5759/63

GBP/USD stalled just below a tough resistance situated at 1.5759/63, but is nevertheless viewed as capable of breaching it in near future, given the overall bullish outlook until the Cable reaches a major downtrend resistance at 1.6158/77 in a few months' time. An interim support area spreads from 1.5667 to 1.5624, followed by supports at 1.5530/28 and at 1.5348.

Mon, 18 Jun 2012 16:22:34 GMT

NZD/USD is attempting to reach 0.7961

NZD/USD managed to hold above the 55-day ma and it is currently approaching 200-day ma as the Greek vote . If bullish momentum to advance further 0.7961 (200-day ma) is going to be the first target for bulls. Once this line is left behind, 0.8012 (Upper Bollinger band; R1 Weekly) and 0.8106 (R2 Weekly) will be in focus among bullish investors.

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