EUR/USD encounters February high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"All told, the ECB seems to be slipping back into its old ways, characterized by a reactive and unaggressive approach to monetary policy."
- Nomura (based on Reuters)

Pair's Outlook

As was implied by the near-term technical indicators, the Euro continued to move further north. However, it seems the currency pair has lost bullish momentum during the weekend in view of a formidable resistance area at 1.3723/08, consisting of the up-trend, Feb high and the monthly R1 level. Considering there are no strong supports nearby, there is a risk of a pull-back down to the 55-day SMA at 1.3580/75.

Traders' Sentiment

The percentage of bearish market participants has slightly increased since the previous report on Friday—now they take up 57% of the total amount of traders on EUR/USD. In the meantime, the share of buy orders has risen from 54% to 56%.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Dec 2013 08:24:09 GMT

GBP/USD sidelined below 1.6415/1.6355

Although due to a breach of the accelerated up-trend GBP/USD was expected to retreat back to 1.6267/04, the currency pair stays buoyant just beneath a tough resistance at 1.6415/1.6355.

Fri, 06 Dec 2013 16:54:55 GMT

NZD/USD rebounds form 0.8203/0.8170

NZD/USD confirmed 0.8203/0.8170 as the support after breaching it and is now heading towards the 55-day SMA at 0.8293.

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.