EUR/USD spikes through 1.3713/04

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Now that the Fed has reduced uncertainty in foreign-exchange markets, some investors are betting on a steadily appreciating dollar in 2014."
- The Wall Street Journal

Pair's Outlook

Although EUR/USD was expected to move away from the dense resistance area at 1.3713/04 down to the 55-day SMA, the currency pair is currently trying to erode the nearest resistance. If it succeeds at surpassing this ceiling, the major down-trend line at 1.3792/84 will be exposed, but should rekindle selling despite the ‘buy' signals appearing on the daily and weekly time-frames.

Traders' Sentiment

The portion of shorts positions keeps on increasing. Since yesterday their percentage in the market has grown from 62% to 64%. Concerning the orders, while closer to the spot the sell ones enhance their dominance (65%), in a wider range the difference between them and the buy ones decreased to 10 percentage points.
© Dukascopy Bank SA
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Actual Topics

Fri, 27 Dec 2013 07:56:48 GMT

GBP/USD forces its way through 1.6390

Similarly to EUR/USD, the Cable ignored a notable level and it is now quickly approaching 1.6468/51.

Thu, 26 Dec 2013 16:14:49 GMT

NZD/USD headed towards 0.8105/0.8077

"Higher U.S. bond yields could also destabilize risk assets, particularly those in emerging markets. That could prompt investors to buy safer currencies, including the dollar."- CNBCPair's OutlookBeing that 0.8215/00 did not manage to prevent further depreciation of the New Zealand Dollar, the rate is moving lower at an accelerated pace. The closest support is at 0.8144/43, but we would rather

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