OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD hovering around 1.2800

FXstreet.com (Barcelona) - The single currency found support at the 1.2800 handle after selling interest dragged the cross from the area of 1.2840 overnight.

With US and European markets closed in observance of Good Friday holiday, the focus of attention would be another meeting between the Italian center-left leader, Pier Luigi Bersani, and the President Giorgio Napolitano. Recall that both leaders already met yesterday but the outcome was inconclusive, after Bersani’s attempts of forming a coalition government were unfruitful.

At the moment, the cross is down 0.07% at 1.2806 facing the next support at 1.2751 (low Mar.27) followed by 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).
On the flip side, a breakout of 1.2867 (high Mar.27) would bring 1.2883 (MA200d) and then 1.2890 (high Mar.26).

Forex: EUR slips by the Tokyo close

Coinciding with the closing bell in Tokyo, also end of month and fiscal year over there, EUR has taken a 30 pip hit down in both EUR/USD pair and EUR/JPY cross, while GBP/USD has also seen offers down to 1.5178 from above 1.5200 moments before 06:00 GMT, while these two markets, mainland Europe and London, will remain closed over holiday, thus reducing liquidity to the maximum, and enabling price action to such sharp spikes.
Read more Previous

Forex: USD/JPY held by support at 94.00

Very low volume is allowing pairs to make sudden moves. The USD/JPY has just fell from 94.14 to test support at 94.00, printing a low at 93.95. During the Asian shift, data in Japan was published but no particular movement was observed besides sideways positioning at 94.00/15 range.
Read more Next
Start livechat