EUR/USD to challenge 1.3627/19

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The key risk for [the euro] ahead of next week's meeting lies with Friday's release of advance inflation data for the euro area."
- Scotiabank (based on MarketWatch)

Pair's Outlook

EUR/USD keeps on slowly approaching an important resistance level at 1.3627/19. Should this combination of the monthly pivot point and the up-trend line be breached, subsequently the price will most likely surge up to the major down-trend at 1.3797/83, provided that the Feb high at 1.3711 does not stop the advancement. Near 1.38, however, the currency pair should receive strong bearish impetus.

Traders' Sentiment

Currently the distribution between the long and short positions in the market is respectively 42% to 58%, which is unchanged from the readings recorded yesterday. In the meantime, the shares of buy and sell orders are the same—50% each.
© Dukascopy Bank SA
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Actual Topics

Thu, 28 Nov 2013 07:52:04 GMT

GBP/USD closes above 1.6237

Given that a key falling resistance line has been broken (it has been keeping the pair in the down-trend for more than four years), there is a good opportunity for GBP/USD to extend the gains.

Wed, 27 Nov 2013 15:26:36 GMT

NZD/USD probes 0.8137/0.8075

Despite the density of the support area between 0.8137 and 0.8075, which contains the long-term moving average, 2012 Q4 lows and the monthly S1, the New Zealand continues to grind lower.

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