OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD Price Analysis: Further decline could see 1.1065 tested

  • EUR/USD is extending the rejection from the 1.1170/75 band.
  • The 100-day SMA at 1.1065 emerges as the next target.

EUR/USD is adding to Friday’s pullback and trades in fresh yearly lows around 1.1080.

The selling pressure has accelerated following the breach of the key 55-day SMA in the 1.1090 region. If the downside pressure gathers pace, then the 100-day SMA at 1.1065 should come into focus.

The bearish view remains unchanged while below the 55-day SMA.

EUR/USD daily chart

 

AUD/USD slides to over 1-week lows, around 0.6860 region

The AUD/USD pair failed to capitalize on its early uptick and dropped to over one-week lows, around the 0.6860 region during the mid-European session
Read more Previous

USD/CNH: The 6.84 area is now on the radar – UOB

In opinion of FX Strategists, USD/CNH could slip back to the 6.84 region in the next weeks. Key Quotes 24-hour view: “While our view for USD to weaken
Read more Next
Start livechat