EUR/USD rebounds from 1.2856/1.2781

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Uncertainty about the Spanish bailout will remain as a significant downside risk in the euro zone, leaving sentiment cautious"
- Credit Agricole (based on MarketWatch)

Pair's Outlook

A formidable support area at 1.2856/1.2781 managed to prevent further debasement of the Euro and provided the pair with a strong bullish impetus. At the moment EUR/USD is struggling with 1.2927/63, but is poised for more gains in near future, as suggested by both daily and weekly technical indicators in aggregate. The next objectives lie at 1.3044 and 1.3122/51.

Traders' Sentiment
SWFX traders' sentiment remains stable towards EUR/USD, as 44% of positions presently are the long ones and 56% are the short ones, meaning that bears have a slight advantage at the moment over bulls. Concerning orders, 48% are to acquire the single currency and 52% are to sell it.

© Dukascopy Bank SA
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Actual Topics

Fri, 12 Oct 2012 07:15:09 GMT

GBP/USD's rally curbed by 1.6062/85

The cable appears to have ended its short-term upward correction ahead of 1.6062/85 due to a lack of bullish momentum. Therefore the currency pair is expected to focus more on supports, the nearest of which is located at 1.5988/80. Subsequent levels may be found at 1.5911/1.5861, although only 1.5831/11 is anticipated to weaken bearish tendency significantly.

Thu, 11 Oct 2012 19:30:07 GMT

XAU/USD rebounds from weekly S1 at 1762

The interim bearish trend failed to continue, as today the XAU/USD exchange rate experienced a significant bullish correction. At the particular moment the price is heading towards the 20-day SMA at 1771, which might stop the current movement upwards. In case it fails to slow down the rally, then the exchange rate is expected to reach the upper Bollinger band,

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