OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD upside stalls below 1.3275

As the EUR/USD retraces some of last week's losses, the chart shows an upward curve being drawn since the Asian session. However, after touching 1.3275 during the European morning, the market has stalled, trading sideways under a tight range since then.

Soon, investors will trade US Chicago Fed and Dallas Fed indexes, as well as German Buba Weidmann's speech, at 15:30 GMT.

“A closing break below 1.3187 would be a bearish development, exposing 1.3063 ahead of 1.2998”, wrote UBS analyst Gareth Berry, pointing to resistance is at 1.3291 ahead of 1.3434.

Forex Flash: EUR/GBP buy on dips – Rabobank

The pair is resuming its upside again on Monday, consolidating gains above the key resistance at 0.8700...
Read more Previous

Forex Flash: March 1 deadline in US looms – Deutsche Bank

In the United States, congress returns on Monday after a weeklong recess ahead of spending sequesters which take effect on Friday March 1st, unless Democrats and Republicans agree to a deal beforehand. Ben Bernanke delivers his semiannual testimony on monetary policy to the Senate Banking Committee on Tuesday followed by an appearance before the House Financial Services Committee on Wednesday.
Read more Next
Start livechat