OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD orbiting around 1.2925/30

FXstreet.com (Barcelona) - The shared currency is posting meager losses on Monday post-Asian close, hovering over 1.2925/30.

Empty docket and thin trade await investors on Monday due to the inactivity in the UK (bank holiday) and the US (Memorial Day). After last week’s tops around the key 1.3000 handle, the euro digested the positive results from the IFO indicator and returned to the current range between 1.2900 and 1.2940.

The pair is retreating 0.03% at 1.2931 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).

USD/JPY finds support above 101 round

USD/JPY is last at 101.06, holding above 101.00 round bids, off session lows at 100.78. The pair is down -0.21% for the day from previous weekly close Friday, finding support so far at the 101 round level.
Read more Previous

GBP/USD testing highs around 1.5135/40

The sterling is attempting a rebound to session highs in the area of 1.5135/40 on Monday, leaving behind the drop to the vicinity of 1.5120 overnight...
Read more Next
Start livechat