OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD bounces from 1-week low

FXStreet (Córdoba) - EUR/USD is staging a mild recovery from daily lows ahead of the Wall Street opening bell, having regained the 1.2700 level and erased intraday losses.

EUR/USD extended its decline during the European session and printed a 1-week low of 1.2680 amid worries about the results of Eurozone bank stress tests. However, the shared currency found support and spiked to the 1.2725 zone as investors gear up for US September CPI figures. At time of writing, EUR/USD is trading at 1.2705, just a few pips below its opening price.

EUR/USD technical levels

As for technical levels, immediate supports are seen at 1.2680 (intraday low), 1.2623 (Oct 15 low) and 1.2600 (psychological level). On the flip side, resistances could be found at 1.2739 (intraday high), 1.2800 (psychological level), 1.2839 (intraday high), and 1.2882 (Oct 15 high).

AUD/USD testing 0.8800

AUD/USD erased losses and currently is testing the 0.8800 area, ahead of US inflation data.
Read more Previous

Gold trades flat ahead of the CPI data

Gold is trading in the sideways manner ahead of the US monthly CPI data due for release at 12:30 GMT.
Read more Next
Start livechat