EUR/USD approaches the weekly R1 at 1.3055

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Euro sentiment has brightened and there is reason to be optimistic. I still can't help but think that the missing ingredient for sustained gains is some improvement in the economic data out of Europe"
- Mike Jones, Bank of New Zealand (based on Bloomberg)

Pair's Outlook
EUR/USD pair started a week by firmly rallying. The price increased above the down-trend line at 1.3040 and was stopped by the weekly R1 at 1.3055. It is very likely to see a retest of a trend line, which was just easily overcome. Afterwards, if the price still maintains momentum to appreciate, 1.3118 level will be the key resistance, where the weekly R2 and monthly R1 levels intersect with the upper Bollinger band.

Traders' Sentiment
SWFX market participants expect a beginning of a downside movement, as 43% of traders have a long position and 57% have a short position. Pending orders segment is opposite, as 55% placed orders are buy and 45% are sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 04 Dec 2012 08:25:44 GMT

GBP/USD surges after breaching a trend line

GBP/USD pair was bounded by a down-sloping trend-line for a long time and yesterday the price finally overcame it and surged till the upper Bollinger brand at 1.6124. The next resistance level is the weekly R2 at 1.6115 and 1.6169/81 area, where a long-run downside trend-line intersects with the weekly R3 and monthly R1.

Mon, 03 Dec 2012 16:21:00 GMT

XAU/USD experiences slight bullish correction

The bearish trend, which started a couple of days ago, has failed to continue, as today the XAU/USD exchange rate experienced a slight bullish correction, and now the price is gradually heading towards the 20-day SMA at 1726, which is very likely to stop the uptrend, however, if it is breached, then the exchange rate might reach the 55-day SMA

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.