EUR/USD finds support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Both the euro zone and British economies seem to be improving of late. So some people who had expected more easing from Europe may be having a rethink and adjusting their positions."
- Mitsui Sumitomo Trust Bank (based on CNBC)

Pair's Outlook

The market participants have been largely selling the common currency since Aug 28, shortly after EUR/USD had hit June high. However, the supports between 1.3150 and 1.3111, namely 100 and 200-day SMAs with the weekly and monthly S1 levels, have a good chance of preventing extension of the dip and afterwards sending the currency pair back to 1.3417.

Traders' Sentiment
SWFX traders' sentiment remains neutral with respect to the most popular currency pair, since there is indecision among the market participants, judging by fact that the shares of long and short positions are nearly equal at the moment—51% and 49% respectively.
© Dukascopy Bank SA
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Actual Topics

Thu, 05 Sep 2013 06:56:32 GMT

GBP/USD is poised for more gains

Yesterday the Cable managed to close above the weekly R1, though does not seem to be willing to advance farther at the moment, also considering absence of any distinct signals provided by the daily and weekly technical indicators.

Wed, 04 Sep 2013 14:47:56 GMT

NZD/USD soared through 0.7868

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