OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD fails to sustain gains

FXStreet (Córdoba) - EUR/USD reached a daily high at 1.1052 at the beginning of the New York session, but failed to hold gains and it has been slowly grinding lower over the last hours.

EUR/USD retreated to the 1.1015 zone as the greenback managed to recover some ground following the release of above-expectations US manufacturing PMIs, but momentum was lacking. At time of writing, the pair is trading at 1.1020, still 0.22% its Friday’s close.

EUR/USD technical levels

In terms of technical levels, immediate resistances are seen at 1.1071 (Oct 30 high), 1.1095 (Oct 28 high) and then 1.1109 (200-day SMA). On the other hand, supports could be encountered at 1.0965 (Oct 30 low), 1.0896 (Oct 28 low) and 1.0847 (Aug monthly low).

USD/JPY: 125 could be tested on good US data - DB

Analysts at Deutsche Bank offered a snapshot of an insight to USD/JPY.
Read more Previous

AUD/USD: consolidates before major RBA event

AUD/USD has settled into a period of consolidation after yesterday's activity in Asia with a bid on the back of better than expected Chinese Caixan manufacturing PMI's for September at 48.3 vs 47.5 consensus and 47.2 previous.
Read more Next
Start livechat