EUR/USD steps over 55-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"U.S. data have also been mixed lately. Ultimately the dollar will require strong data to rally, particularly against the euro."
- RBS (based on Reuters)

Pair's Outlook

Even though the currency pair surpassed the 55-day SMA, the up-trend resistance line that connects the lows reached on Jul 9 and Sep 6 remains intact. This implies that for now the bias stays bearish. On the other hand, if 1.3627/15 is overcome in the nearest future, then EUR/USD will be likely to advance towards 1.3797/83, namely the major down-trend resistance line, but the price should be halted there.

Traders' Sentiment

Being that the overall popularity of the U.S. Dollar is currently on the rise and the overall popularity of the Euro is on the decline, the dominance of the bears in the EUR/USD market is gradually growing. The share of short positions added one percentage point to 58%. However, the numbers of buy and sell orders are equal.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 27 Nov 2013 07:45:09 GMT

GBP/USD returns to 1.6237

As it turned out yesterday, a rebound from the falling resistance line on Monday was not strong enough to send the pair below the support formed by the monthly PP and the 55-day SMA at 1.6114/1.6066.

Tue, 26 Nov 2013 16:15:31 GMT

NZD/USD fails at the 20-day SMA

Pair peaked above the weekly PP, but failed to consolidate there due to the failure at the 20-day SMA.

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.