OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD consolidates below 1.2700

FXStreet (Córdoba) - EUR/USD fell to a fresh cycle low sub-1.2700 during the American session as the greenback extended gains on the back of solid US data.

EUR/USD has been under persistent pressure over the last months amid diverging monetary policies between the Federal Reserve and the European Central Bank with the pair on track to record its eleventh weekly loss in a row and having printed a 22-month low of 1.2677 in recent dealings.

EUR/USD levels to watch


In terms of technical levels, EUR/USD could find next supports at 1.2677 (Sept 26 low), and 1.2660 (Nov 13 2012 low). On the flip side, resistances are seen at 1.2760 (intraday high), 1.2800 (psychological level) and 1.2843 (10-day SMA).

Commodities: bad news for AUD and CAD - Rabobank

The prices of many commodities have been tumbling.
Read more Previous

USD/CHF rises to 0.9520, 14-month high

Greenback strengthened after US economic data and extended gains across the board.
Read more Next
Start livechat