OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD: Easing back to its 3 month up trend – Commerzbank

Karen Jones, analyst at Commerzbank, suggests that EUR/USD came under pressure last week and there is scope for a deeper sell off to the 100 day ma at 1.1065, but we should see some stabilisation between here and the 3 month uptrend at 1.1054.

Key Quotes

“Overhead the market is facing tough resistance at 1.1190-1.1240 – namely the 55 week ma, the 2019-2020 down channel and the recent high. This guards the 200 week ma at 1.1360 which continues to represent a critical break point medium term.”

“Failure at the uptrend would target the 1.0981 29th November low.”

AUD/USD clings to gains near multi-day tops, comfortably above 0.6900 handle

The AUD/USD pair edged higher for the second consecutive session and climbed further beyond the 0.6900 handle on the first day of a new trading week.
Read more Previous

US-China signing of the Phase One trade deal in focus this week – Deutsche Bank

According to analysts at Deutsche Bank, the main highlights for the week ahead will be the signing of the Phase One trade deal between the US and Chin
Read more Next
Start livechat