OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD around 1.3445/50, ahead of German data

The single currency is trading almost unchanged of Wednesday, after following a consolidation pattern overnight around the mid 1.3400s.
Next on tap in the euro zone calendar would be the Wholesale Prices in Germany during January, expected to rise 0.2% on a monthly basis and 2.2% over the last twelve months.

At the moment, the cross is down 0.04% at 1.3448 with the immediate support at 1.3430 (MA21d) ahead of 1.3364 (low Feb.11) and then 1.3325 (low Feb.11).
On the flip side, a breakout of 1.3475 (high Feb.12) would bring 1.3501 (MA10d) and then 1.3577 (high Feb.7).

Forex: EUR/USD bulls regain control; break of 1.35 clarifies picture

The European-shared currency, after zigzagging inside a 2-day range between 1.3430 and 1.3350, finally broke to the upside on Tuesday, posting a fresh weekly high at 1.3474 before stabilizing around 1.3440/50.
Read more Previous

Germany: Jan Wholesale Price Index (MoM) up 0.3%; (YoY) grows 2.3%

Read more Next
Start livechat