OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD flat around 1.2930/35

FXstreet.com (Barcelona) - The shared currency is clinging to the positive territory on Friday, meandering around 1.2930/35 as risk appetite prevails.

“While the EURUSD has thus far failed at cracking $1.3000, evidence is growing that the Euro could stand to benefit from the recent uncertainty regarding the US Dollar and the Yen; there is relatively less uncertainty surrounding the Euro right now. We thus remain bearish, but a close above 1.3000/30 will negate the bearish bias and imply a rally towards 1.3220/50 (mid-April swing highs)”, commented Christopher Vecchio, Currency Analyst at DailyFX.

EUR/USD is now losing a marginal 0.01% at 1.2930 and a break below 1.2900 (MA10d) would accelerate the decline towards 1.2821 (low May 23) and then 1.2809 (low May 20). On the upside, resistance levels align at 1.2998 (high may 22) followed by 1.2999 (MA21d) and finally 1.3030 (high May 14).

Flash: German electoral shakeup? – Goldman Sachs

The most recent polls in the upcoming German elections suggest that a ‘Grand Coalition’ between Chancellor Merkel’s centre-right CDU/CSU and the centre-left SPD is by far the most likely outcome of the election, followed by a continuation of the current coalition between the CDU/CSU and the liberal FDP.
Read more Previous

Flash: Japanese markets settle despite cataclysmic Thursday – Deutsche Bank

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Thursday's BoJ press briefing on the EMR suggested that gains in yields could be expected as the economy improved.”
Read more Next
Start livechat