OctaFX | OctaFX Forex Broker
Open trading account
Back

What’s the sentiment around EUR/USD today? – Commerzbank and OCBC Bank

FXStreet (Edinburgh) - EUR/USD is looking to regain the mid-1.2500s area at the end of the week amidst an empty docket in the region.

Axel Rudolph, Senior Technical Analyst at Commerzbank, commented the pair “remains below its 1.2600/14 October 10 and 23 lows while also still trading above the November support line at 1.2438… Longer term reaching this area would have no impact on the underlying bear trend and we continue to target the 200 month ma at 1.2225”.

In addition, FX Strategist Emmanuel Ng at OCBC Bank, argued “Look potentially towards ECB rhetoric later today to provide further guidance, with a familiar 1.2450-1.2600 range expected to prevail in the interim”.

Hungary Gross Wages (YoY) rose from previous 2.2% to 2.4% in September

Read more Previous

Gold prices are trading higher today during the European session, although broader gains are likely to be capped by US Dollar strength.

Gold prices are trading higher today during the European session, although broader gains are likely to be capped by US Dollar strength.
Read more Next
Start livechat