EUR/USD at the 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"That leaves a political vacuum and the activation of the [ECB's bond-buying program] becomes problematic. So there is this perceived safety net under the markets that may not actually work in the time of most stress."
- Jeffereies (based on CNBC)

Pair's Outlook

Pair seems to be trading sideways for the third day in a row and all of it evolves around the 200-day SMA. Although pair seemed relatively weak yesterday, today's recovery suggest that we might still see a rally from the pair. However, it is very likely that pair could breach 1.325, which should stop all of the rallies in the short and medium terms. Dips should not fall below the 1.30.
 

Traders' Sentiment

Situation in the market seems to have stabilized. 54% of traders remains bearish on the pair. Distribution of pending orders changed just a little bit—56% (-1% since yesterday) are set to go long on  the pair. 

© Dukascopy Bank SA
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Actual Topics

Fri, 19 Jul 2013 08:08:13 GMT

GBP/USD aims at 1.530

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Thu, 18 Jul 2013 14:30:52 GMT

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