EUR/USD fails to close below 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The fact that, even in this context, the Fed is still talking about tightening is pretty dramatic. The monetary policy divergence trade is still very much intact."
- IronFX (based on MarketWatch)

Pair's Outlook

EUR/USD tried to depreciate on Friday as bearish target levels were represented by recent lows around 1.11. However, negative momentum was exhausted by the end of the trading session and the pair bounced back to close above the 200-day SMA at 1.1192. Additional attempts to consolidate below 61.8% Fibonacci retracement of the Jul-Aug uptrend and 100/55-day SMAs are likely to take place soon. A failure here may trigger extra losses down to 1.1087 (Sep 3 low) and 1.1017 (Aug 18-19 lows) afterwards.

Traders' Sentiment

The share of bulls on the market decreased from 54% to 53% over the weekend. In the meantime, the portion of long pending orders in 100-pip range from the spot remains in red at just 39% (36% on Friday).

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 28 Sep 2015 07:20:07 GMT

GBP/USD attempts to rebound from Aug low

The Cable behaved according to the forecast on Friday, as the pair stabilised around the 1.5180 cluster, after having touched the lowest point of 1.5130.

Fri, 25 Sep 2015 13:41:51 GMT

NZD/USD to return to 0.63

The New Zealand Dollar surprised with its performance on Thursday, as it not only negated the previous two-day losses, but also breached the immediate resistance cluster and even tested the second one.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.