OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/GBP recovers to 0.8630

After falling from 0.8635 to 0.8585, 1-week low, the EUR/GBP has been trading on recovery mode with the pair rising to test the 0.8630 level. Currently the pair is trading at 0.8625, 0.12% above opening price.

In 15-minutes timeframe, CCI and Momentum are bullish while Stochastic, RSI and MACD are neutral. In the 1-hour chart, the CCI and Momentum are bullish but MACD is neutral and Stochastic is bearish. Next resistances for the EUR/GBP are at 0.8640, 0.8665 and 0.8680. Supports are at 0.8600, 0.8590 and 0.8575.

Forex: GBP/USD trades flat above 1.5100

After being rejected by the 1.5200 area, GBP/USD retraced intraday gains and even printed a fresh low of 1.5093, weighed by better-than expected US services-sector ISM. Being unable to define a fresh direction, GBP/USD was confined to a consolidation phase that has extended over the last hours.
Read more Previous

Session Recap: Market on Dollar pro-risk mode

With a risk appetite boosted by upbeat data from the services PMI prints and the US stocks market in a 'sea of green', the USD is trading firm against its major competitors. While the EUR/USD remains pegged at the 1.3030 area, the GBP/USD's recovery has been capped at 1.5200 and launched to the 1.5100 zone.
Read more Next
Start livechat