OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD consolidates above 1.2730

FXStreet (Córdoba) - The euro has remained steady against Greenback during the last hours, hovering above 1.2730 headed toward the lowest daily close since November 2012.

EUR/USD bottomed hours ago at 1.2696, fresh 2014 low and then bounced to the upside. The recovery from the lows was capped by 1.2765 and then pulled back, but managed to hold above 1.2730.

Will 1.2700 hold?

Among european currencies, the euro is so far the worst performer on Thursday and still remains under pressure. The bounce from the lows removed some bearish momentum but on a wider perspective, EUR/USD continues to look for support.

On Wednesday, price broke 1.2800 and today traded momentarily below 1.2700 but managed to hold above.

Neutral bias going into Chinas golden week - BTMU

FX Strategists at the Bank of Tokyo Mitsubishi UFJ explained It's been customary in recent years going into China's Golden Week for us to adopt a neutral bias, since markets will be off for more than a week.
Read more Previous

USD/JPY: Are we seeing a turn around?

USD/JPY is trading at 108.67, down -0.34% on the day, having posted a daily high at 109.39 and low at 108.52.
Read more Next
Start livechat