EUR/USD to push through 1.2247

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There is a global trend in which the euro seems like the weakest currency"
- UBS (based on CNBC)

Pair's Outlook
The currency pair stabilised just above 1.2274 and should soon make another attempt to breach this support, given that most of daily technical indicators give "sell" signals. Once the initial level is overcome, 1.2161 and 1.2106/1.2063 will become exposed, but will stand against bearish momentum en route towards a medium-term target at 1.1989.

Traders' Sentiment
Being that the common currency is the most popular among its peers, majority of traders on EUR/USD hold long positions (64%), whereas bearish market participants are in distinct minority, constituting 36% of the market. The ratio between buy and sell orders, on the other hand, is 41% to 59%, accordingly.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 Jul 2012 07:29:31 GMT

GBP/USD preserves potential to test 1.5767/90

The Cable has stalled at a formidable resistance area at 1.5721/30 after a robust rebound from the nearest support at 1.5650. Since weekly and monthly indicators point to the downside, recently commenced recovery of GBP/USD is likely to come to an end, although the pair might still reach out for 1.5767/90 before its upward momentum is suppressed.

Thu, 19 Jul 2012 14:45:48 GMT

Kiwi dollar commences a bullish trend against the greenback

"Our take on his underlying message remains the same - the Fed stands ready to take further action if needed, but it is not yet ready to do so beyond the June extension of Operation Twist."- Brown Brothers Harriman (based on MarketWatch)Pair's Outlook|The New Zealand dollar jumped higher against the American dollar today, trading above the 200-day simple moving average. As bulls currently dominate the

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.