OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD extends gains after Weidmann’s comments

FXStreet (Córdoba) - The euro extended intraday gains versus the dollar, following weaker-than-expected US data and comments from ECB member Weidmann.

European Central Bank Governing Council member and Bundesbank President Jens Weidmann expressed reservations about a full-blown QE program in the Eurozone. Talk against QE underpinned the euro across the board and sent EUR/USD to a high of 1.2444 in recent dealings.

EUR/USD technical levels

At time of writing, EUR/USD is trading at 1.2435, recording a 0.31% gain on the day, with immediate resistances seen at 1.2480 (10-day SMA), 1.2500 (pychologicallevel) and 1.2512 (21-day SMA). On the other hand, supports could be found at 1.2400 (psychological level), 1.2360/57 (Nov 24 & 7 lows) and 1.2341 (Aug 21 2012 low).

GBP/JPY testing critical highs at 186.00

GBP/JPY is trading at 185.88, up 0.82% on the day, having posted a daily high at 186.02 and low at 184.05.
Read more Previous

NZD/USD downside prevailing below key 0.79 handle

NZD/USD is trading at 0.7848, down -0.40% on the day, having posted a daily high at 0.7913 and low at 0.7846.
Read more Next
Start livechat