EUR/USD falls precipitously

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The dust still has to settle, but ultimately it's positive for the dollar. The fact the Fed did taper shows it's confident about the pace of recovery, and the financial market can withstand modest reduction at this time."
- Foreign Exchange Inc. (based on Bloomberg)

Pair's Outlook

Although EUR/USD remained bullish longer than initially expected, the currency pair has finally fallen through the nearest supports and is set to decline even further. The next important target should be 1.3522/01, where the monthly pivot point is reinforced by the 100-day SMA. Meanwhile, 1.3711/1.3677 (monthly R1 and Feb high) is now likely to act as a ceiling.

Traders' Sentiment

Despite a substantial change in the price of the single European currency, the positioning of the SWFX market participants was not subject to notable changes. The share of longs is 39% (40% yesterday) and the share of shorts is 61%. The percentage of buy orders, on the other hand, surged from 54% to 64%.
© Dukascopy Bank SA
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Actual Topics

Thu, 19 Dec 2013 07:47:52 GMT

GBP/USD posts new high at 1.6483

After touching the support at 1.6218/1.6189 GBP/USD received a strong upward impetus.

Wed, 18 Dec 2013 16:17:59 GMT

NZD/USD seems to be range bound

Since the beginning of the week pair has failed to pick up the pace and seems to be range bound between weekly PP and 20 and 100-day SMA/monthly PP/weekly S1.

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