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EUR/USD testing 1.335

Iniciado por cjpires, Agosto 08, 2013, 09:42

Tópico anterior - Tópico seguinte

cjpires


Thu, 08 Aug 2013 07:29:41 GMT
Source: Dukascopy Bank SA

http://www.dukascopy.com/plugins/market_news/attach.php?id=32779

© Dukascopy Bank SA
"We currently favor Spain over Italy and we think the outperformance can continue. The fundamental picture in Spain is likely to improve more than in Italy. The economy is slightly more dynamic and has a better chance of taking off."
- BlueBay Asset Management (based on Bloomberg)

Pair's Outlook
As the pair maintains its bullish stance we are forced to change its outlook from mildly bearish to mildly bearish. At the moment it is trading just slightly below the weekly R1 at 1.335. Pair seems to be  very likely to test 5 month high in the nearest future. However, it should hold initial test which could send the pair towards 1.32.

Traders' Sentiment
Bears took additional 2% of the market from the bulls and at the moment account for 65% or market participants. Pending orders remain at the same 54% in favor for the bears as well.

http://www.dukascopy.com/plugins/market_news/attach.php?id=32780

© Dukascopy Bank SA

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