EUR/USD bounces from the 55-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Eurogroup's bailout for Cyprus leaves fundamental solvency risks unaddressed. We expect the risk of default and euro-area exit to remain elevated in the coming years." 
- Moody's (based on CNBC)

Pair's Outlook

The major currency pair moves according to support levels in recent trading sessions, as the market experiences an absence of important macro news. Today the price is higher than the 55-day SMA at 1.3049, following a test of the monthly R1 and the 200-day SMA at 1.3038. EUR/USD might remain in a current range between the SMAs and a previous high around a 1.31 level, which will be followed by a more visible correction, as an upside wave reached a 423% Fibonacci.

Traders' Sentiment
SWFX market changes fractionally towards an equilibrium, as the sell side contracted by 2% and reached a 53% share. Waiting orders market exhibits similar sentiments, since 52% of orders are long.
© Dukascopy Bank SA
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Actual Topics

Tue, 16 Apr 2013 07:39:46 GMT

GBP/USD attempts to renew bullish sentiments

The Cable shows positive performance in the morning of session, as the price gently appreciates towards the weekly PP at 1.5335, following a spike down.

Mon, 15 Apr 2013 15:14:40 GMT

NZD/USD returns into a flat area

The New Zealand Dollar sharply depreciates relative to the U.S. Dollar and maintains a strong correlation with other Oceania's currencies.

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