EUR/USD starts a leg up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"I don't think the euro as a currency disappears. The issue is whether all of the 17 countries and potentially a few others should be or will be in this system or not"
- Vaclav Klaus, Czech President (based on Bloomberg)

Pair's Outlook

Recent behaviour of the pair has given a reason to suspect that EUR/USD will not have to travel all the way down to an uptrend support line currently at 1.2798/65 in order to terminate protracted bearish correction. If the price continues to advance, it will first encounter resistance at 1.2916/53, while some of the higher levels are at 1.3019 and 1.3119.

Traders' Sentiment
The gap between long and short positions has narrowed, though the general sentiment stays slightly negative towards EUR/USD, being that 43% of traders are bullish and 57% are bearish. As for the orders, 51% are to buy the Euro and 49% are to sell it against the greenback.

© Dukascopy Bank SA
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Actual Topics

Thu, 27 Sep 2012 07:51:27 GMT

GBP/USD does not leave vicinity of 1.6233

Even though selling pressure at 1.6233 was insufficient in order to prevent retest of the resistance, as the cable once again approaches it, the price is expected to be capped there and rallies above it are viewed as unsustainable. Pair is thus anticipated to focus on supports, the nearest of which may be found at 1.6177/38, followed by 1.6087 and

Wed, 26 Sep 2012 19:20:27 GMT

XAU/USD remains bearish

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