OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD at daily highs as Euro Stoxx dropped

FXStreet (Mumbai) - The EUR/USD pair rose to its daily high of 1.1322 as the Euro Stoxx 50 futures erased gains to trade with moderate losses.

USD offered in early Europe

The USD is being offered against the European majors, despite the two-year yield staying resilient around its 4-year high of 0.80%. The losses in the Euro Stoxx 50 futures, weakness in the US index futures and the resulting risk-off is pushing the EUR higher.

The Eurozone economic calendar is empty, thus, EUR traders could continue to track the movement in the equity markets. The movement in the EUR/GBP cross after the UK retail sales release may also influence the EUR/USD pair.

EUR/USD Technical Levels

The immediate resistance is located at 1.1332 (Sep 1 high), above which the pair could target 1.1373 (Sep 14 high). On the other hand, support is seen at 1.1283 (Sep 14 low) and 1.1228 (200-DMA).

EUR/CHF tests lows on steady SNB

The Swiss franc is now picking up pace vs. the common currency, dragging EUR/CHF to challenge daily lows near 1.0950...
Read more Previous

GBP/USD testing 3-week highs near 1.5520, UK retail sales eyed

The GBP/USD pair maintains the bid tone and hovers above the 1.55 handle in the European morning, as markets anticipate a better reading for the upcoming UK’s retail trade data.
Read more Next
Start livechat