OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CHF testing the 0.9300 barrier

FXstreet.com (Barcelona) - The USD/CHF has traded sideways at the 0.9300 barrier in recent moments during European trading Friday. Having tested this barrier, also its first calculated support, the cross is now incurring a loss of -0.26% at the time of writing.

Mataf.net analysts point to supports at 0.9297, ahead of 0.9270, and finally 0.9251. On the ascension, a break above 0.9343 will initiate resistances at 0.9362 and finally 0.9389.

“The USD/CHF didn’t show any big move since yesterday, while stability above SMA-20 and Fibonacci level is still seen on the four-hour graph. Fibonacci of 38.2% represents a strong technical obstacle and thus, we remain neutral over intraday basis, noting that technical indicators don’t give of clear signs.” notes the ICN.com analyst team.

Forex: EUR/USD capped below 1.3100 ahead of NY session

Improved risk sentiment took the EUR/USD to higher pastures during the European morning, but investors didn’t defy the 1.3100 handle as the market started taking profits after reaching as high as 1.3097. The EUR/USD is currently under consolidation, at 1.3080/90 ahead of the New York opening.
Read more Previous

European markets rise ahead of more G20/IMF meeting and Italian Presidential election

The German DAX 30 (+0.53%), the French CAC 40 (+1.63%), the Italian FTSE MIB (+2.24%) and the British FTSE 100 (+0.71%) are edging higher on Friday, as a hard week comes to an end with a G20/IMF meeting under way, focused on monetary policy and fiscal targets. The Presidential election in Italy is also being eyed. PD’s Bersani proposed Romano Prodi as president after seeing his previous candidate, Franco Marini, being rejected by his own party.
Read more Next
Start livechat