EUR/JPY approaching 102

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If there is some sort of resolution politically to bring that forward, that could break (the euro) out (of its range), but it's very difficult to know how that resolution can be achieved when Spain politically is not in a position where it can ask for that bailout." 
-Rabobank (based on Reuters)

Pair's Outlook
Pair is continuing bullish rally after receiving a push from Fibonacci retracement (38.2% of 25th of July—17th of September move) at 100.17 yesterday and is trying to step up and breach 102.  It is likely pairs advancement will continue until it approaches higher resistance levels at 102.6 and higher.

Traders' Sentiment
For the second day in a row distribution of open long and short positions on the pair are in perfect equilibrium. Amount of pending buy orders on the pair dropped from 75% to 57% today, suggesting uncertainty about pair's future.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 12 Oct 2012 15:22:21 GMT

AUD/USD rebounds from 200 bar SMA

Pair managed to step up a bit further since yesterday, but is currently down by 65 pips after receiving a bearish impetus from 200 bar SMA at 1.0295. In addition, technical indicators show a substantial increase in pairs downside risk. It is unlikely that weekly pivot point at 1.0241 will give strong support for the pair, hence further depreciation and

Fri, 12 Oct 2012 12:46:15 GMT

XAU/USD experiences slight bearish reaction

The bullish correction, which started a couple of days ago, has failed to continue, and today the XAU/USD exchange rate experienced a slight bearish reaction. As for now, the exchange rate is gradually heading towards the lower Bollinger band at 1748, which will probably change the direction of the current movement. If it is breached, then the price is likely

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.