OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD got killed by Draghi, and fell to 15-month low

FXStreet (Moscow) - EUR/USD came under pressure in early Asia on the back of Draghi’s comments; it posted 15-months low at 1.2755 in European morning.

Draghi made a point

This morning the ECB President Draghi made a speech. The speech was devoted to "Single market, Single Currency, Common Future" conference to commemorate Lithuania joining the Euro in 2015. Although nobody expected any new comments on monetary policy, the chairman still made a point on additional unconventional monetary measures, that would follow if needed. It helped to move the pair lower, and keeps pressing the euro by the moment. The next target for the pair to the downside may lie at 1.2748 support.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.2806, with support below at 1.2748, 1.2716, and 1.2658, with resistance above at 1.2838, 1.2896 and 1.2928. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.2828 and the daily 20EMA bearish at 1.2966. Hourly RSI is bearish at 26.

EMU credit data take centre stage – Danske Bank

Flemming Nielsen, Senior Analyst at Danske Bank, underlines de relevance of the credit figures in the euro bloc...
Read more Previous

Sharp contraction expected in US Durable Goods Orders – UOB

Analysts at UOB Group expect a significant contraction in today’s data following the surge of more than 20% during July....
Read more Next
Start livechat