EUR/USD tests 1.2963/57

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There is some general risk aversion stemming probably from numerous reports that Q3 earnings reports will be poor"
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Pair's Outlook

Decline of EUR/USD stalled just ahead of 1.2963/57, implying that bearish correction has ended. Nevertheless, the pair is still under danger of extending the dip down to an uptrend support line, currently standing at 1.2856, prior to re-establishing robust rally in the coming days. Additional supports are at 1.2826/1.2786 and 1.2702/1.2697, while an interim resistance lies at 1.3104/51.

Traders' Sentiment
SWFX traders' sentiment has slightly worsened towards EUR/USD, as the share of bullish marketplace participants has diminished to 43%, while bears currently constitute 57% of the market. Moreover, the ratio between buy and sell orders is 45% to 55%, accordingly.

© Dukascopy Bank SA
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Actual Topics

Tue, 09 Oct 2012 07:35:01 GMT

GBP/USD falls through 1.6085/42

Following a precipitous drop of the cable we may expect a bullish correction to occur, which is unlikely to push the price above 1.6042/85, however. Continuation of a bearish tendency should lead GBP/USD down to 1.5988/61 initially, then 1.5911 and 1.5861, as the long-term target is supposed to be near 1.5601/1.5571, even though weekly technical indicators give "buy" signals.

Mon, 08 Oct 2012 16:58:58 GMT

XAU/USD to test weekly S1 at 1762

The downtrend, which started a couple of days ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another movement downwards, which has already managed to overcome the 20-day SMA at 1771, and at the particular moment the price is about to test the weekly S1 at 1762, which might change the direction of the current movement. In

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