OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD pullback holding at 1.3020

The EUR/USD is being pulled back after the rise to 1.3074 high ahead of the NY opening. The market eased to 1.3020, so far, and is currently holding there in order to avoid a slide down to the 1.3000 psychological level again.

German finance minister Schaeuble said Bundestag's lower house could decide on Cyprus aid next week. Buba's Weidmann said that inflation was under control, which added to “the belief that further monetary easing could yet be on the way from the ECB”, according to Forexlive.com analyst Mike Paterson.

“The pair has a static resistance level around 1.3070, so once above, there’s room for further upside, towards the 1.3110 area daily descendant trend line coming from 1.3710”, wrote FXstreet.com analyst Valeria Bednarik, pointing to supports at 1.3020, 1.2980 and 1.2950.

Forex: USD/MXN bouncing off lows after Mexican data

The Mexican peso found selling interest despite the better data from the Mexican industrial production during January, expanding 1.1% MoM and 1.7% on a yearly basis, beating both...
Read more Previous

Forex: GBP/JPY hovering over 143.00

The pair is submerged in the negative territory on Tuesday, intensifying its intraday decline on the increased bearishness hammering the sterling after worrisome UK data and the renewed strength in the Japanese...
Read more Next
Start livechat