EUR/USD approaches an uptrend line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy
"The euro's declines were limited after Greece's finance minister said Athens had been given additional time by international lenders to impose its austerity cuts, an assertion played down by leading EU officials"
- Reuters

Pair's Outlook
EUR/USD price cannot find a direction for a new trend, therefore easily fluctuates beneath a ceiling at the 1.3020 level. From a bottom side, the price is bounded by a bullish tendency, which started on July 24th. Currently, the price is approaching this upside trend line and trying to settle below it, this would bring a price sharply lower, as a triangle pattern would be broken.

Traders' Sentiment
Despite a confusion in EUR/USD pair, SWFX market participants are bearish, as 44% traders holds long positions and 56% have short positions. Pending orders segment's situation does not support the market, as more traders are placed orders for EUR/USD increase (54%) and the other part investors (46%) looking forward to open a short position.
© Dukascopy
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Actual Topics

Thu, 25 Oct 2012 07:43:34 GMT

GBP/USD goes north from 1.5932

As GBP/USD pair found a support level at 1.5932 during a yesterday session, the price has reversed from it and currently is moving back north. It has breached the 1.5995 level quite easily and now is testing the weekly PP line and the 55-day SMA at 1.6055. If the price continues to appreciate, the next resistance level will be considered

Wed, 24 Oct 2012 19:34:02 GMT

XAU/USD remains bearish

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