OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD Price Analysis: A breach of 1.10 exposes a test of 1.0980

  • EUR/USD stays offered near YTD lows in the 1.10 area.
  • The next support of relevance is located in the 1.0980 region.

The offered bias remains well and sound around the shared currency, motivating EUR/USD to challenge the psychological support at 1.10 the figure.

If this key area of support is cleared, then the November’s low in the 1.0980 region should emerge as the next significant target.

The offered bias in the spot should remain unchanged below the 55-day SMA, today at 1.1089.

EUR/USD daily chart

 

AUD/USD risks another move lower – UOB

Further losses are seen in the Aussie dollar in the short-term horizon, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “The large and rap
Read more Previous

USD/JPY: Door open for a visit to 108.40 – UOB

According to FX Strategists at UOB Group, USD/JPY could extend the downside to the 108.40 region in the next weeks. Key Quotes 24-hour view: “USD gapp
Read more Next
Start livechat