OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD testing fresh 2013 lows

FXstreet.com (Barcelona) - The shared currency is bouncing off 2013 lows around 1.2830 on Monday, as Cyprus woes continue to weight on sentiment.

”We remain confident that the ECB’s OMT programme will help to dampen any broader negative fallout out in the near-term from the hit to large deposit holders in Cyprus and junior and senior bank bond holders. However, the still weak economic growth outlook in the euro-zone will help to dampen upside potential in the near-term”, suggested Currency Analyst Lee Hardman at BTMU.

At the moment, the cross is down 0.89% at 1.2845 with the immediate support at 1.2857 (low Mar.20) ahead of 1.2844 (low Mar.19) and finally 1.2827 (low Nov.22).
On the upside, resistance levels line up at 1.3107 (high Mar.15) followed by 1.3135 (high Mar.8) and then 1.3163 (high Feb.28).

Forex Flash: 10-year US treasuries lower on Cyprus resolution – RBS

The market continues to see a 1.75% to 2.15% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while the near-term support is 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to "all even minor moves in this environment are ebbing as the dominant rate trend remains sideways.”
Read more Previous

Forex Flash: EUR shorts rose on Cyprus concerns last week – Rabobank

The euro continues to navigate the lower end of today’s range in the proximities of 1.2850/55, after printing fresh 2013 lows in the area of 1.2830 on increased uncertainties on Cyprus...
Read more Next
Start livechat