EUR/USD skyrockets from 1.3491

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The debt ceiling issue has been pushed out to February, so the very earliest you'd be looking at Fed tapering is March, though it could be even later than that. There's been a recovery in risk appetite and that's seen flows into riskier assets and away from the U.S. dollar."
- St. George Bank Ltd. (based on Bloomberg)

Pair's Outlook

Yesterday the U.S. Dollar was ubiquitously bearish and allowed EUR/USD to soar 150 pips. Now the currency pair faces a formidable resistance area that may hamper further advancement, being that it consists of the February high, monthly and R1 and, more importantly, of the rising trend-line that has been in force since Jul 10 and is likely to remain intact.

Traders' Sentiment
With the massive sell-off of the Dollar, the sentiment towards its currency pairs changed as well. While yesterday the greenback was acquired in 61% of cases across the market, now this percentage is at 65%, meaning that the popularity of the currency has notably increased over the last 24 hours.
© Dukascopy Bank SA
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Actual Topics

Fri, 18 Oct 2013 06:19:41 GMT

GBP/USD approaches strong resistance at 1.6260/12

While there were almost no reasons to believe that the British Pound would be able to outperform the U.S. Dollar, GBP/USD has just effortlessly rallied through several resistances and returned within the boundaries of the bullish channel.

Thu, 17 Oct 2013 15:05:32 GMT

NZD/USD continues to appreciate

Pair seems to have gained momentum after bouncing from 0.830.

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