OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD retreats further, erases gains

FXStreet (Córdoba) - EUR/USD came under renewed pressure at the beginning of the New York session, as the dollar gained pace across the board, and erased intraday gains.

EUR/USD failed to overcome the 1.2675 resistance area and it was dragged by a stronger dollar to the 1.2630 zone in recent dealings, despite a mildly soft series of US economic data and an improvement in Eurozone consumer confidence. At time of writing, the pair is trading at 1.2643, little changed on the day.

EUR/USD levels to watch

In terms of technical levels, EUR/USD could find next supports at 1.2613 (Oct 23 low), 1.2600 (psychological level) and 1.2583 (Oct 7 low). On the flip, resistances are seen at 1.2675 (Oct 23 high), 1.2690 (20-day SMA) and 1.2739 (Oct 22 high).

United States EIA Natural Gas Storage change came in at 94B below forecasts (97B) in October 17

Read more Previous

Gold declines most in two-weeks

Gold fell the most in two weeks as the back-to-back positive economic news out of the US and the Eurozone made sure that the yellow metal faced rejection near crucial technical levels.
Read more Next
Start livechat