EUR/USD appreciation is stopped by 1.2780 level

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
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Pair's Outlook
In the morning of yesterday's trading session EUR/USD pair did some swings with bottoms slightly higher than the 200-day SMA and after this settlement above the moving average sharply advanced, making an intraday peak at 1.2801. However, yesterday's session closed at 1.2782, in the middle of the weekly PP 1.2762 and the monthly S1 at 1.2799. Currently, the exchange rate depreciates and it is very possible to see how the price retests the 200-day moving average from above.

Traders' Sentiment
SWFX market distribution in EUR/USD pair stays around the equilibrium point, since the buy side contains 51% of opened orders and the sell side 49% of orders. Pending orders market provides very similar data, as 52% placed orders are for a buy position and 48% for a sell position.
© Dukascopy Bank SA
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Actual Topics

Fri, 16 Nov 2012 09:28:56 GMT

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