EUR/USD is headed towards 1.3012

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The euro is still likely to move a bit higher. The momentum is not over yet. It may see a dip down toward $1.30 again, but it won't go much below that"
- Steve Barrow, Standard Bank (based on CNBC)

Pair's Outlook

After four straight days of gains EUR/USD is finally making a downward correction. Extension of the dip down to 1.3012 or 1.2935 will not put the bullish medium term outlook under risk, but will rather imply a consolidation phase. However, a breach of 1.2879/56 and 1.2806/1.2758 (200 day SMA) will be a strong bearish signal.

Traders' Sentiment
Perception of the market that EUR/USD is to fall did not change, as majority of traders (61%) continue to hold short positions on the pair, as the U.S. Dollar is presently one of the most popular currencies, being acquired in 66% of cases on average in SWFX marketplace.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 18 Sep 2012 07:35:04 GMT

GBP/USD loses momentum

Even though the cable did not follow the path of EUR/USD and did not decline, pace of its advancement has slowed down notably ahead of 1.6300/31, which in turn guards 1.6400/70—a wide but nonetheless dense resistance area. In this respect continuation of the current rally above the zone seems to be unlikely, being that the idea of further advancement is

Mon, 17 Sep 2012 20:49:01 GMT

XAU/USD experiences small bearish reaction

The interim bullish trend has ended, and today the XAU/USD exchange rate experienced a small bearish reaction, which at the particular moment is moving towards the monthly R2 at 1764, which is likely to bring some bullish impulse. In case is fails to slow down the downtrend, then next support at 1734 (weekly S1) will probably change the direction of

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.