OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD capped by 100-day SMA

FXstreet.com (Córdoba) - The shared currency pushed higher and printed a fresh 7-week high versus the dollar after data showed US housing starts rose more than expected in March. EUR/USD stretched to a high of 1.3147 but found strong resistance at the 100-day SMA and pulled back.

At time of writing, EUR/USD is trading at the 1.3125 area, where it records a 0.7% gain on Tuesday. If the euro manages to break above 1.3147, next resistances are seen at 1.3163 (Feb 28 high) and 1.3200 (psychological level). On the other hand, supports in case of dips could be found at 1.3080 (100-hour SMA) and 1.3030 (intraday lows/200-hour SMA).

Meanwhile, separated data showed US industrial production grew 0.4% in March, beating expectations of a 0.2% rise.

Forex: GBP/USD continues to edge higher into US session

Having moved within a tight range since yesterday, GBP/USD has edged higher into the US session.
Read more Previous

Forex: EUR/JPY retraces yesterday’s losses, 2.0% higher on the day

Following yesterday’s drop from 128.94 to test the 125.00 psychological level, the EUR/JPY retraced those losses back to 128.91 and remains close to that area as the NY session takes place and US data gets released.
Read more Next
Start livechat