EUR/USD puts more pressure on 1.3561/42

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Bernanke's speech "was enough to ram euro/dollar up through the stops and kick cross/yen higher."
- a U.S.-based currency trader (based on CNBC)

Pair's Outlook

Although Bernanke's comments goaded many investors into selling the U.S. Dollar, thus greatly benefiting the value of the Euro, the resistance at 1.3561/42 seems to be holding off the rally for now. At the same time the technical indicators on a daily time-frame mostly remain bearish, though because of the currency pair's recent bullish behaviour their credibility is endangered.

Traders' Sentiment

Preferences of the SWFX market participants keep on shifting in favour of the U.S. Dollar. On average in its pairs the currency has been bought in 59% of cases (56% yesterday). The same tendency is observed in EUR/USD, where the share of short positions increased from 56% to 57%.
© Dukascopy Bank SA
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Actual Topics

Wed, 20 Nov 2013 07:44:47 GMT

GBP/USD stays underpinned by 1.6070/34

GBP/USD continues to fluctuate between a tough resistance zone at 1.6237/14 and a less formidable support area at 1.6070/34.

Tue, 19 Nov 2013 15:43:02 GMT

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