EUR/USD to end correction at 1.3423/1.3396

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We think investors are caught long near $1.3450, with euro/dollar primed for a move toward $1.32 - a level euro-zone and U.S. two-year yield differentials would point toward."
- ING (based on Reuters)

Pair's Outlook

The currency pair is undergoing a bullish correction at the moment and therefore it is not expected to breach important resistances, such as the one at 1.3423/1.3396 that consists of the monthly S1 level and the 100-day SMA. Even if EUR/USD ascends above it, the August high, in conjunction with the up-trend line, should not let the price to rise higher. The support area around the 200-day SMA now seems to be the most likely target.

Traders' Sentiment
Being that the market has not been subjected to any significant changes lately, the sentiment of SWFX traders towards EUR/USD remains the same. Right now 51% of open positions are long and 49% are of them are short. A similar situation is observed among the orders, 51% of which are to sell the Euro.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 12 Nov 2013 07:38:53 GMT

GBP/USD is about to hit 1.5950

Even though at a slow pace, but the British Pound is nonetheless approaching the rising support line at 1.5950, which is highly unlikely to let the price fall unhampered.

Mon, 11 Nov 2013 16:02:48 GMT

NZD/USD turbulent around 0.825

Pair seems to be rather turbulent around 0.825. It is not demonstrating willingness to fall lower, but is not capable of advancing higher either.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.