EUR/USD struggles at 1.2962/78

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We still don't see any reason to be buying the euro, especially above $1.30"
- Tempus Consulting (Based on CNBC)

Pair's Outlook

After a robust rally EUR/USD has formed a pin bar, implying significant selling pressure zone located above the current price, namely around weekly and monthly pivot points and the 20-day SMA. However, the pair preserves potential to advance and attempt to return to an up-trend resistance line it has breached in the beginning of the previous week.

Traders' Sentiment
The gap between the amount of bulls and bears has widened, although it is not yet large enough to say the sentiment is strongly negative towards EUR/USD. The share of long positions is 46%, while short ones constitute 54% of the market. Distribution between buy and sell orders also does not give a certain signal, being 51% to 49%, respectively.

© Dukascopy Bank SA
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Actual Topics

Thu, 01 Nov 2012 08:48:28 GMT

GBP/USD closes in on 1.6164/99

The cable failed to close beneath the 55-day SMA for two consecutive days and is presently headed towards a major downtrend resistance line at 1.6164/99, as suggested by weekly technical indicators. In the meantime, near-term dips are to be contained by a formidable cluster of supports that stretches from 1.6086 down to 1.6047.

Wed, 31 Oct 2012 21:06:00 GMT

XAU/USD gains bullish impulse

The bullish correction, which started yesterday, successfully managed to continue, as today the XAU/USD exchange rate experienced another bullish advance. As for now, the price is heading towards the 20-day SMA at 1731, which might slow down the current rally. In case it is breached, the the exchange rate will probably reach the 55-day SMA at 1740, which in turn

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