OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD has 1.2580 in the crosshairs

FXStreet (Edinburgh) - The shared currency keeps pushing higher now, lifting EUR/USD to the doorsteps of 1.2570.

EUR/USD choppy, assaulting highs

The EUR is warming up for an assault to earlier peaks in the 1.2580 neighbourhood, gathering further traction following the better-than-expected CPI results and the drop in the manufacturing PMI to 54.7 in the US economy. Next of note in the euro area will be a gauge of the Consumer Confidence in the bloc, with consensus expecting an improvement to -10.7 from -11.1 from the previous month.

EUR/USD levels to consider

As of writing the pair is up 0.16% at 1.2660 and a breakout of 1.2596 (30-d MA) would aim for 1.2602 (high Nov.19) and then 1.2614 (low Oct.23). On the flip side the immediate support lines up at 1.2485 (10-d MA) ahead of 1.2483 (200-h MA) and finally 1.2442 (low Nov.18).

Finland classifies Bitcoin as VAT-Exempt financial service – CoinDesk

The CoinDesk Analysis Team highlights the Finnish Central Board of Taxes’ (CBT) judgement of granting Bitcoin a VAT-exemption after classifying BTC purchases as ‘banking services' under EU VAT directive.
Read more Previous

Brent Crude futures stuck at 5-DMA

Brent Crude prices are stuck near the 5-DMA level of USD 78.87, after having recovered from the early slump during the Asian session.
Read more Next
Start livechat