OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD turns flat after failing at 1.2440

FXStreet (Córdoba) - EUR/USD was confined to a narrow range in an uneventful session Tuesday in the absence of first-tier data and amid low liquidity given the US holiday.

EUR/USD managed to recover from daily lows sub-1.2400 but the bounce was capped by the 1.2440 area, leaving the pair directionless. At time of writing, EUR/USD is trading at 1.2418, virtually unchanged on the day.

EUR/USD technical perspective

“Momentum turned lower around its midline while RSI remains in negative territory, lacking clear directional strength”, said Valeria Bednarik, chief analyst at FXStreet. “The 1.2370/1.2485 range should hold for the rest of the day, with market likely resuming activity on Wednesday’s European session”.

EUR/JPY bulls get behind the uptrend to 144.00

EUR/JPY is trading at 143.82, up 0.82% on the day, having posted a daily high at 144.03 and low at 142.56.
Read more Previous

Russian Central Bank buys domestic Gold

The Russian Central Bank has been forced to absorb the domestic gold production, since the miners are finding it difficult to sell abroad due to western sanctions.
Read more Next
Start livechat