OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: EUR/USD to see upside ahead? - Nomura

FXstreet.com (Barcelona) - Nomura strategist Saeed Amen has taken a look at EUR/USD from a purely technical perspective.

Looking at his daily chart, Amen begins by noting that spot is down on the week and he is flipping to a bullish view. He comments that spot has repeatedly failed to break below the 20D SMA, which suggests that there is important support on the downside. Further, he notes that bandwidth has also fallen significantly, suggesting that spot is likely to range. He writes, “Hence, spot is likely to retrace within the range higher. Also the RSI appears to have bottomed out, suggesting it has reached a short-term low. Our target is 1.3020 (above 20D SMA).”

Forex Flash: Cyprus stays in key focus - BBH

Brown Brothers Harriman analysts note that the real focus remains in Europe and after several days of meeting with Russian officials, Cypriots have come back empty handed.
Read more Previous

Forex Flash: Peripheral European bond markets are narrowly mixed today - BBH

Brown Brothers Harriman analysts note that peripheral bond markets are narrowly mixed today and on the week, Italy's 10-year benchmark yield was down 6 bp and Spain's was 10 bp lower.
Read more Next
Start livechat