OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD sidelined around 1.2875/80

FXstreet.com (Barcelona) - The bloc currency is flat-lined around 1.2870/75 on Tuesday, ahead of the French Consumer Confidence for the month of March. Prior surveys expect the headline to come in a tad lower to 85 vs. 86 previous.

The euro remains stable in the vicinity of the 200-day moving average, dragged lower after the unfortunate comments by Eurogroup Head, J.Djisselbloem, on Monday hinting at the chance that Cyprus could be a template for next similar cases.

At the moment, the cross is up 0.23% at 1.2879 facing the next hurdle at 1.2950 (MA200h) ahead of 1.3107 (high Mar.15) and then 1.3135 (high Mar.8).
On the downside, a breach of 1.2829 (low Mar.22) would expose 1.2730 (low Nov.19) and finally 1.2700 (161.8% of Feb.1-2011).

Session Recap: BoJ's Kuroda mantra losing its shine; Majors mostly unchanged

Quite a slow market session in Asia-Pacific across the board, with some reaction as of late the closer the London open it gets. EUR/USD, AUD/USD and GBP/USD they all trade near session highs following thin trading ranges, after big moves took place yesterday specially in Euro and USD during London and New York sessions.
Read more Previous

Forex: GBP/USD orbiting around 1.5200

The sterling is inching higher on Tuesday after yesterdays sell off, hovering over the key resistance of 1.5200 in an attempt to follow through that level...
Read more Next
Start livechat