EUR/USD declines from weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It seems the ECB is concerned about disinflation a bit more than the market had been led to believe. The ECB seems to be trying to adjust market expectations as the euro has gained."
- Barclays (based on CNBC)

Pair's Outlook

EUR/USD remains trapped between the resistance at 1.3846/31, represented by the weekly PP and 20-day SMA, and the down-trend support line. And while most long-term technical indicators continue giving ‘buy' signals, on the daily time-frame the outlook is constantly deteriorating. Nevertheless, the currency pair is still viewed as capable of reaching the monthly R1 at 1.3923.

Traders' Sentiment

While for a day there were no changes in the sentiment, as reported yesterday, now the share of the bearish market participants is again falling, even though at a fairly slow pace. During the last 24 hours the percentage of short positions open on EUR/USD dropped from 66% down to 65%.
© Dukascopy Bank SA
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Actual Topics

Thu, 27 Mar 2014 07:38:53 GMT

GBP/USD probes monthly PP

The Cable stayed on a bullish path and, as a result, rose up to one of the key resistances.

Wed, 26 Mar 2014 16:04:29 GMT

NZD/USD trades above weekly PP

At last we start to see some movements in the NZD/USD currency pair as it has appreciated throughout yesterday and today.

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