EUR/USD capped by 1.3711/1.3693

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The non-farm payrolls report may spur a more meaningful rebound in the dollar as the U.S. economy is expected to add another 180,000 jobs in September."
- DailyFX (based on Reuters)

Pair's Outlook

EUR/USD is currently in the vicinity of the strong resistance area consisting of the Feb high, monthly R1 and the up-trend line, which is not supposed to let the currency pair to climb higher. Therefore the price is expected to decline from here, but for now it remains buoyant, even though the path of the least resistance leads towards the weekly pivot point.

Traders' Sentiment
The share of bearish SWFX market participants continues to decline. Now the amount of short positions constitutes 61% (62% yesterday) of the market. Concerning the orders, 53% of them are to purchase the European currency and 47% are to sell it against the U.S. Dollar.
© Dukascopy Bank SA
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Actual Topics

Tue, 22 Oct 2013 06:52:39 GMT

GBP/USD to probe 1.6097/77

As expected, the major down-trend resistance line repelled the Cable, which is now about to hit the weekly PP at 1.6097.

Mon, 21 Oct 2013 15:32:19 GMT

NZD/USD hovering above September high

Pair is showing signs of minor bearishness and at the moment is testing the strength of the September high support.

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