EUR/USD loses impetus

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Spain has yet to request a bailout, and the IMF suggestion of a rescheduling of repayment terms for Greece has received mixed support"
- Scotiabank (based on CNBC)

Pair's Outlook

EUR/USD unwillingly advances forward, casting doubt on its bullish prospects. Moreover, daily technical indicators turned neutral, adding to signs the currency pair lacks upward momentum in order to soar up to 1.33 in the nearest future, especially when most of monthly studies point to the downside. However, positive outlook should be preserved as long as an uptrend support at 1.2924 remains intact.

Traders' Sentiment
There is no change is SWFX traders' sentiment towards EUR/USD since yesterday. Long positions form 43% of the market, whereas short positions are in majority by constituting 57% of it. Orders, on the other hand, do not provide an insight into current preferences of traders, being 51% buy and 49% sell.

© Dukascopy Bank SA
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Actual Topics

Tue, 16 Oct 2012 06:50:26 GMT

GBP/USD postpones termination of a bullish correction

Bulls do not wish to give in just yet, delaying formation of a down leg in the long run. The nearest supports for the cable to conquer lie at 1.6055 and 1.6004/1.5970, while selling pressure at 1.6085 and 1.6112/35 is expected to prevent emergence of rallies and reinforce bearish bias. Although judging by forecasts for the next quarters GBP/USD is

Mon, 15 Oct 2012 16:33:19 GMT

NZD/USD testing 0.82 for the fourth day in a row

Pair started week with a dip to 0.813, but received a bullish impetus from there and is currently supported by Fibonacci retracement (38.2% of 5th to 14th of October move)/monthly pivot point at 0.8185/75. It is likely this rally will continue for few more days as advancement far above 0.82 is not likely as pair is bound to meat strong

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