OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD wavers above 1.2500

FXStreet (Córdoba) - EUR/USD continues to oscillate up and down in a slim range above 1.2500, as players remain cautious ahead of the Fed minutes tomorrow.

EUR/USD climbed to a daily high of 1.2540, underpinned by German ZEW survey, but found resistance at the 20-day SMA and was confined to a phase of consolidation in a tight range. EUR/USD was barely affected by the release of US PPI and second-tier data, having spent the last hours within 1.2500 and 1.2540.

EUR/USD is currently trading at 1.2520, up 0.58% on the day, and having recovered most of yesterday drop.

EUR/USD levels to watch

In terms of technical levels, EUR/USD could find immediate resistances at 1.2540 (20-day SMA/Nov 18 high), 1.2576 (Nov 17 high) and 1.2600 (psychological level). On the flip side, supports are seen at 1.2495 (50-hour SMA), 1.2442 (Nov 18 low) and 1.2400/1.2398 (psychological level/Nov 14 low).

India readies new curbs on gold imports

India is likely to announce fresh curbs on gold imports next week after both, the official data in India as well as the data from the World Gold Council indicated a surge in demand in the third quarter of the calendar year 2014.
Read more Previous

USD/JPY signals remain bullish; 117 handle under threat

USD/JPY is trading at 116.65, up 0.17% on the day, having posted a daily high at 117.06 and low at 116.34.
Read more Next
Start livechat