OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD trades back at intra-day lows

FXstreet.com (San Francisco) - After attempting to recover from the 1.3000 level, the EUR/USD was capped at 1.3050 following the Fed's Beige Book. Now the pair is trading at 1.3015, 1.20% below opening price. Pair is trading slightly bearish according to the FXstreet.com trend index.

Indicators such as MACD, CCI and Momentum are pointing lower while the Stochastic is bullish in the 1-hour chart. Next support is 1.3006 (low Apr.9) ahead the 1.2963 (low Apr.8) and the 1.2900 level. On the upside, resistance levels align at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb. -Apr. slide) and finally 1.3319 (high Feb.25).

Forex Flash: EUR/USD to go towards 1.26 - UBS

"We have been looking for EURUSD to break the uptrend for a couple of weeks now, and it finally happened", says the UBS analyst team.
Read more Previous

Forex Flash: GBP/USD view remains positive - UBS

Against the expectation of many market participants, the Bank of England minutes from the April meeting, did not mention the 'changes in the mandate' of the bank at all, notes the UBS analyst team.
Read more Next
Start livechat