EUR/USD's gains capped by monthly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Moves in the euro versus the dollar show markets don't see a resurgence of the European debt crisis."
- Mizuho Securities Co. (based on Bloomberg)

Pair's Outlook

EUR/USD rebounded in the direction of monthly pivot point on Friday. The pair reached its new July high at 1.1215, but was eventually forced to fall back below 1.1156. Trading continues on the green side Monday, despite lower opening levels during the Asian session. Nonetheless, the short-term outlook will stay moderately bearish, unless the Euro closes rises above the 55-day SMA at 1.1172. Moreover, daily indicators are signalling to the downside at the moment. 

Traders' Sentiment

Sentiment among SWFX market participants has been swinging around 50% for a fourth consecutive day, while the share of bulls decreased from 51% to 48% over the weekend. 

© Dukascopy Bank SA
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Actual Topics

Mon, 13 Jul 2015 07:32:35 GMT

GBP/USD decides whether to stay above or under 1.55

The Sterling succeeded in outperforming the American Dollar at the end of last week, although the 55-day SMA and the trend-line provided obstacles.

Fri, 10 Jul 2015 14:28:10 GMT

NZD/USD sets eye on July 2010 low

Yesterday the New Zealand Dollar was able to stabilise above the weekly PP, thus, getting a chance to appreciate again today and reach the July 2010 low.

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