EUR/USD denied by the 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The wider implications for the Eurozone were Cyprus to leave are really quite far reaching and it would make sense to see if some form of compromise deal can be reached. However, we cannot read this outcome as anything but negative for the euro."
- ANZ (based on CNBC)

Pair's Outlook

An attempt to breach a 1.2970/61 area, which is formed by the 200-day SMA with the accelerated down-trend, did not turn out to be successful. This has led to a pullback down to 1.2816/15 that acts as an interim support. However, a key level is considered to be 1.27, since its intactness secures EUR/USD's chances of overcoming current weakness.

Traders' Sentiment
The sentiment of SWFX marketplace participants towards EUR/USD stays neutral, as the share of bulls is unchanged at 52%, while bears take up 48% of the total amount. The similar indecision is observed with pending orders, 49% of which are to buy the Euro and 51% are to sell it against the U.S. Dollar.
© Dukascopy Bank SA
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Actual Topics

Wed, 20 Mar 2013 09:11:58 GMT

GBP/USD hovers above 1.5049/37

The Cable proves to be unable to gain upward momentum, as a strong resistance zone 1.5243/27 discourages bulls from betting on appreciation of the Sterling.

Tue, 19 Mar 2013 15:43:47 GMT

NZD/USD testing 200-day SMA

Although pair managed to advance a bit above 200-day SMA, but as  expected did not spend much time there and at the moment is trading just slightly above the mentioned SMA.

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