EUR/USD aims for 1.2332

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We have moved quite a bit lower on the euro and there's a bit of fatigue setting in in terms of the euro downside. But overall, the euro still has a negative bias and it is still a sell on rallies"
- RBS Securities (based on CNBC)

Pair's Outlook
EUR/USD is extending its bullish correction and may even attain a level of 1.2386/1.2419, if resistance at 1.2332 is unable to defy pair's bullish momentum. Nonetheless, long-term outlook remains bearish, despite current shallow rally. An interim support lies at 1.2247, followed by 1.2161 and a formidable support area from 1.2106 to 1.2075.

Traders' Sentiment
Despite the narrowing gap between the amounts of long and short towards EUR/USD positions, the majority of traders (66%) remain bullish on the pair, as the 17-nation currency stays the most popular among its peers, being acquired in 73% of cases in the market overall. As for the orders, 41% of them are to buy the Euro, the rest 59% are to sell it against the U.S. Dollar.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 17 Jul 2012 07:52:09 GMT

GBP/USD to bounce off 1.5721/32

Even though the majority of indicators pointed to the downside, the Cable has pushed higher through 1.5569/1.5609 and is currently struggling at a subsequent resistance line at 1.5650. However, the latter level is unlikely to be strong enough to contain the pair, therefore we expect a tough zone at 1.5721/32 to become a reversal point and send GBP/USD back to

Mon, 16 Jul 2012 14:36:37 GMT

NZD/USD attempts to move higher; bulls target 200-day SMA

The Kiwi Dollar/US Dollar currency pair is trading almost flat below 200-day simple moving average (0.7983), however, bulls do not lose hope to pierce the level, which is also confirmed by 61.80% Fibo. A breach of this initial resistance level would clear the way for 0.8021 (R1 Weekly) and 0.8054 (Upper Bollinger band), accordingly.

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.