EUR/USD climbs back above 2003 low

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"In today's interconnected world, it was probably a little naïve to believe the U.S. would be totally immune to global pressures."
- Bank of Tokyo-Mitsubishi UFJ Ltd. (based on Bloomberg)

Pair's Outlook
EUR/USD registered its fast surge since the year 2000, as substantial bearish development of US Dollar followed the Federal Reserve's statement on Wednesday. The pair erased six technical levels and used to trade above 1.10 at some point of time. Therefore, the highest daily increase amounted to more than 400 pips. However, the Euro returned slightly back and is currently supported by 2003 low around 1.08. Despite still bearish daily technical indicators, the common currency is unlikely to plunge significantly on Thursday. 

Traders' Sentiment
Bullish opened positions at the SWFX market are accounting for 47% on Friday, no change from yesterday. 

© Dukascopy Bank SA
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Actual Topics

Thu, 19 Mar 2015 08:48:06 GMT

GBP/USD skyrockets

The Sterling failed to meet expectations; it appreciated versus the US Dollar on Wednesday as a result of a dovish rhetoric of the FOMC.

Wed, 18 Mar 2015 15:56:03 GMT

NZD/USD plummeted above expectations

On Tuesday, the Kiwi tumbled down, destroying the earlier gains. The weekly pivot point was not strong enough to stop NZD/USD from falling. As a result, the New Zealand Dollar ended the trading session at 0.7328.

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