EUR/JPY is little changed after yesterday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If negative interest rates introduced last month prove insufficient to weaken the euro, the ECB will probably take additional steps toward the end of the year."
- Tokyo-Mitsubishi UFJ Ltd. (based on Bloomberg)

Pair's Outlook
After yesterday's drop the pair has little changed and it is trading above June high at 137.71 today. It seems that the Euro has reliable support levels (monthly S1 and weekly S2) around 137.59/55 and to our mind that should be enough to avert its further decline. The longer term technical levels are bullish; therefore, that together with previously mentioned support levels could push the 18-nation currency higher against the Yen.

Traders' Sentiment
Current decline is apparently discouraging some of the traders; as compared to the yesterday's readings, the share of long positions fell from 59% to 47%. At the same time the gap between the buy (49%) and sell (51%) orders is narrowing.
© Dukascopy Bank SA
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Actual Topics

Fri, 11 Jul 2014 14:46:59 GMT

AUD/USD fluctuate around weekly PP

This week the only significant move was yesterday's retreat; however, at the same time the pair has manage to appreciate and at the moment is hovering around the major 0.94 level.

Fri, 11 Jul 2014 07:01:45 GMT

USD/CHF oscillates around 200-day SMA

A brief dip below the monthly PP and 200-day SMA did not entail a further sell-off.

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