OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD hits fresh 14-month lows

FXStreet (Córdoba) - EUR/USD pushed even lower and posted fresh 14-month lows, completing a roundtrip to the 1.2930 area from yesterday's lows.

EUR/USD was rejected by the 1.2930 and resumed its broader bearish trend, stretching to 1.2830 - its lowest since July 10 2013 - ahead of the end of the week. However, EUR/USD bears have lacked determination to push the pair decisively lower, leaving the pair hovering around 1.2940, where it records a 0.63% loss in the day and on track to post its ninth fall in ten weeks.

EUR/USD technical levels

As for technical levels, if EUR/USD breaks below 1.2830, next supports could be found at 1.2800 (psychological level) and 1.2785 (61.8% Fibo of 1.2042 - 1.3993). On the other hand, resistances are seen at 1.2930 (Sept 18 high) and 1.2980 (Sept 17 high) ahead of 1.3000 (round level).

It could all have been so different - ING

Analysts at ING explained, that from a global perspective, and following the uneventful September FOMC meeting, the only remaining market bombshell was the Scottish referendum.
Read more Previous

USD/JPY finds support at 108.60, rises back to 109.00

The bearish correction of USD/JPY found support around the 108.60 area. The pair was pulling back after reaching on Asian hours at 109.45, the strongest level since September 2008.
Read more Next
Start livechat