EUR/USD pulls back

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"After such a volatile couple of weeks which came to a head with the FOMC announcement last week, markets are very much sidelined at the moment."
- RBC (based on Reuters)

Pair's Outlook

Following a massive sell-off after a test of 1.3784 the currency pair is undergoing a shallow bullish correction that should not extend far beyond the resistance at 1.3711/1.3689. This supply area is mainly formed by the February high and the monthly R1 and is expected to halt EUR/USD and subsequently send it towards the 100-day SMA and the monthly pivot point at 1.3531/01.

Traders' Sentiment

The sentiment of the SWFX market participants remains moderately bearish with respect to EUR/USD, with the share of short positions (61%) exceeding the longs by slightly more than 20%. Similarly, the buy orders are at a disadvantage compared to the sell ones (58%) around the spot.
© Dukascopy Bank SA
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Actual Topics

Mon, 23 Dec 2013 07:55:29 GMT

GBP/USD to re-test 1.6390

After a 70-pip decline the Cable is attempting to gather strength and challenge the January high once again.

Fri, 20 Dec 2013 16:51:13 GMT

NZD/USD slowly trails lower

Pair continues to slowly trail lower after a major sell off a few days ago.

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