EUR/USD's rally denied by 1.3559

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Any hints on the possibility of a negative deposit rate are worth watching particularly closely after last week's newswire reports suggested this was an option under consideration - probably a more palatable tool than QE for the Governing Council."
- BNP Paribas (based on Reuters)

Pair's Outlook

EUR/USD stays trapped between the resistance at 1.3559 and the support at 1.3475/23—neither of these levels the currency pair is currently able to breach. However, eventually one of them is going to be eroded and, given that the Euro bounced off the major down-trend resistance line in late October, the risks are considered to be heavily skewed to the downside.

Traders' Sentiment

Compared to the distribution between the bulls and bears yesterday, today the gap is slightly wider, being that the share of long positions increased to 57%. As for the orders, the difference between the buy (51%) and sell (49%) ones is minimal—merely two percentage points.
© Dukascopy Bank SA
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Actual Topics

Tue, 26 Nov 2013 07:38:32 GMT

GBP/USD recoils from 1.6237

A re-test of the down-trend resistance line that has been in force since August of 2009 entailed a sell-off. The Sterling has already slipped beneath the weekly PP and is about to hit a cluster of supports at 1.6114/1.6066.

Mon, 25 Nov 2013 16:11:42 GMT

NZD/USD recovering from 200-day SMA

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