OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD: downside prevails, making new lows - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the greenback traded generally higher this Tuesday, with the EUR/USD pair extending its latest decline to a fresh multi-month low of 1.0642 during the European morning.

Key Quotes:

"The pair attempted a recovery but the lack of European data and the better-than-expected result of US inflation readings, keeps the dollar on demand."

"The EUR/USD 1 hour chart shows that the price is unable to advance beyond a strongly bearish 20 SMA, whilst the technical indicators are turning south below their mid-lines, after correcting oversold readings."

"In the 4 hours chart, the price is well below its 20 SMA, while the Momentum indicators is resuming its decline deep into the red, and looking for fresh lows, maintaining the risk towards the downside."

GBP/USD off highs, back near 1.5210

After a brief adventure to session peaks near 1.5240, GBP/USD has now returned to the 1.5215/10 band...
Read more Previous

EZ deflationary climate for 2016 - TDS

Analysts at TD Securities explained the EZ's deflation, oil and downside risks.
Read more Next
Start livechat