Dukascopy - Analytics


463.75 6.25/10
83% of positive reviews

EUR/USD flat around 1.12

© Dukascopy Bank SA
"Clearly, there is still a lot of uncertainty about Greece. It's very difficult for the euro to rally on this in the near term."
- Barclays (based on Bloomberg)

Pair's Outlook
After the EUR/USD currency pair failed at the dense resistance cluster around 1.1340 on Tuesday, it tried to recover a day later on Wednesday. At the same time, both weekly S1 and 20-day SMA denied any bullish idea of pushing the Euro higher. Therefore, the pair still remains below them and the risk of a further sell-off persists constantly. The nearest support is only offered by the monthly pivot point and 55-day SMA at 1.1090, or 120 pips below the current market price. 

Traders' Sentiment
he share of long open positions at the SWFX market rebounded by one extra percentage point, up from 43% to 44% in the morning on Thursday. 

© Dukascopy Bank SA

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