OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD Technical Analysis: the squeeze higher could test the 200-week SMA at 1.1344

  • The recovery in EUR/USD is now picking up extra pace and is flirting with the key 1.1300 neighbourhood on increased USD-weakness.
  • The continuation of the upside momentum could extend to monthly tops in the mid-1.1300s and the 200-week SMA, also in the hood.
  • Ideally, spot should clear the multi-month resistance line, today at 1.1331, to alleviate downside pressure.

EUR/USD daily chart

 

Norway Norges Bank Interest Rate Decision meets forecasts (1.25%)

Norway Norges Bank Interest Rate Decision meets forecasts (1.25%)
Read more Previous

Greece Current Account (YoY) climbed from previous €-1.503B to €-1.4B in April

Greece Current Account (YoY) climbed from previous €-1.503B to €-1.4B in April
Read more Next
Start livechat