OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD: quiet range in uneventful Monday - FXStreet

FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet sees most trading uneventfully in an empty fundamental data day, with the EUR/USD pair going as high as 1.2508

Key Quotes

“Stocks trade also slightly up on the day across the board, giving little clues from that side.”

“As for the short term technical picture, the EUR/USD 1 hour chart shows price above 20 and 100 SMAs, both together around 1.2470, while indicators diverge lower, but hold above their midlines.”

“In the 4 hours chart price retraces towards a still bearish 20 SMA whilst indicators stalled below their midlines, and turn south. 1.2440 comes as immediate support, with a break below likely signaling further intraday slides.”

AUD/NZD holds near 1.1090

The aussie rose modestly against the kiwi on Friday, but today resumed the decline approaching once again to a key short-term support. AUD/NZD is trading at 1.1105/10, 30 pips below Friday’s closing price.
Read more Previous

Bitcoin gains more than 3%

Bitcoin shot higher today after having bounced from the USD 325 area during the last week.
Read more Next
Start livechat