OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD sidelined around 1.3170/75

FXstreet.com (Barcelona) - The shared currency is trading almost unchanged on Wednesday, hovering over 1.3170/75 ahead of a second tier calendar in the euro zone, with only the Construction Output to be released. The most relevant event, however, will be in the US economy as the Fed’s Beige Book is due in the European evening.

At the moment, the cross is losing 0.02% at 1.3174 with the next resistance at 1.3203 (high Apr.16) ahead of 1.3229 (50% of Feb-Apr.slide) and finally 1.3319 (high Feb.25).
On the flip side, a breakdown of 1.3152 (MA100d) would expose 1.3112 (intraday low Apr.16) and then 1.3031 (MA10d).

Japan Consumer Confidence Index increase to 44.8 in Mar from 44.3

Read more Previous

Forex: GBP/USD eases to session lows

The sterling is trading on the back foot on Wednesday, printing session lows around 1.5340 ahead of the BoE minutes and the labour market data. Prior surveys expect the unemployment rate to remain...
Read more Next
Start livechat