OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD technically bearish – FXStreet

FXStreet (Barcelona) - Valeria Bednarik, chief analyst at FXStreet reviews the EUR/USD> from a technical point of view on todays US session.

Key Quotes:

“Technically, the 1 hour chart shows a quite neutral technical stance, with price around a mild bearish 20 SMA and indicators heading lower right below their midlines”.

“In the 4 hours chart a daily descendant trend line coming from 1.2880 price zone caps the upside now around 1.6240 along with a bearish 20 SMA, while indicators head south below their midlines”.

EUR/GBP approaches 0.7800

The euro managed to erased losses versus the pound but is still under pressure ahead of the European Central Bank (ECB) meeting. Weak data from the Eurozone pushed EUR/GBP to the downside on Wednesday but managed to hold above yesterday’s lows.
Read more Previous

USD/JPY falls below 109.00

The yen rose further across the board during the American session as stocks fell sharply in Wall Street and amid a decline in US government bond yields. USD/JPY hit a fresh low at 108.88 and remains under pressure near the lows.
Read more Next
Start livechat