OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD Technical Analysis: Bearish note unchanged below the 55-day SMA

  • EUR/USD is now attempting some rebound after bottoming out in the proximity of 1.1060 in late last week.
  • Immediately to the upside emerges the interim resistance at the 21-day SMA at 1.1149 ahead of the 10-day SMA at 1.1159.
  • While below the 55-day SMA near 1.1230, further retracements in spot – including a test of 2019 lows at 1.1026 – should remain on the table in the short-term horizon. This area of resistance is reinforced by monthly tops at 1.1249.

EUR/USD daily chart


USD/JPY: downside pressure looks mitigated – UOB

The selling bias in USD/JPY seems to have lost some momentum, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD traded within a relativ
Read more Previous

USD/CAD slips to multi-day lows, around mid-1.3200s

The USD/CAD pair traded with a mild negative bias on the first day of a new trading week and is currently placed at multi-day lows, just above mid-1.3
Read more Next
Start livechat