EUR/USD rises further

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If we see the dollar continue to break down on a broad basis, I think the euro could run through that 2013 high and perhaps extend even further."
- Brad Bechtel, Faros Trading (based on MarketWatch)

Pair's Outlook

The weekly R2 has already fallen victim to the bullish appetite of EUR/USD and in the nearest future the R3 at 1.3655 is likely to be devoured too, being that the currency pair is aiming for 1.3711. In case this latter resistance is violated as well, than the Euro may rise as high as 1.3862 before starting to decline towards the consensus levels for the next three quarters—1.30, 1.29 and 1.28.

Traders' Sentiment
The SWFX market appears to be quite calm ahead of the weekend, being that there is no significant change in the positioning of traders, 38% of whom are still long and 62% remain short on EUR/USD. As for the orders, 55% are set to buy and 45% are set to sell the single European currency against the Dollar.
© Dukascopy Bank SA
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Actual Topics

Fri, 04 Oct 2013 07:20:10 GMT

GBP/USD retreats from weekly R1

The resistance at 1.6240 keeps on denying the Cable access to higher levels, such as 1.6313/1.6288, where the upper trend-line of the rising channel stands, and 1.6456/1.6390, which is mainly formed by the January high and the monthly R1.

Thu, 03 Oct 2013 15:18:24 GMT

NZD/USD peaks to 0.83

Pair's dip to 0.82 provided so needed impetus to advance to 0.83.

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