EUR/USD continues to appreciate

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The latest jobless claims added to the recent evidence that some of the U.S. growth momentum seen earlier in the year is starting to ease. A re-think of the Fed still has the potential to shake the markets out of their long U.S. dollar position." 
- BNP Paribas (based on CNBC)

Pair's Outlook

After being suspended by a 1.2850 level, the major currency pair made a spike down, breaking a recent low at 1.2751 as unemployment data in the U.S. was announced. However, EUR/USD recovered bullish sentiments in a four-month low and the price gradually increased above the 20-day SMA and the monthly PP level at 1.2897. Currently the pair is fluctuating around 1.2926, but the area is rather empty, since the closest resistance is at 1.3009, where the 200-day SMA merges with the weekly R1.

Traders' Sentiment
After very volatile trading session yesterday, SWFX market sentiments changed slightly, as bulls enlarged the buy side by 2% to 49%. Pending orders segment remains bullish, since 54% of orders are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 05 Apr 2013 06:54:20 GMT

GBP/USD bounded by 1.5233

The Cable performed similarly to the major currency pair, since the price slipped below a recent low and soared just after that, settling in the upper part of Bollinger band.

Fri, 05 Apr 2013 05:20:09 GMT

AUD/USD slips to the 20-day SMA

AUD/USD failed to resist the bearish sentiments and the price dropped sharply.

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.