EUR/USD retreats from 1.3115 zone

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy
"The downside risk for the euro is looking weaker near-term and while it will likely remain in a recent broad range, momentum is gaining for the market to want to test its upside."
- FX trading Japan for UBS (based on Reuters)

Pair's Outlook
The previous high's resistance zone at 1.3115/35 was too strong to be broken through at the first time, thus EUR/USD price retreated back and currently is traded at 1.3070. There is a high probability that the price will check the next support level and after that prepare for the second attempt to brake the September's high.

Traders' Sentiment
As the price fluctuates in a wide range, trader's sentiments at SWFX market also do not show any drastic changes. Traders still prefer to short positions, as 43% have a long and 57% have a short position. Pending orders segment has slightly different figures, as 52.4% investors are placed a buy order and 47.6% a short .
© Dukascopy
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Actual Topics

Fri, 19 Oct 2012 08:19:55 GMT

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