OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: US dollar gives back some of its recent gains - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the Yen has strengthened in response to the unchanged monetary policy decision from the BOJ.
Read more Previous

Forex Flash: EUR/USD to fail towards 1.2839, initial resistance at 1.3132 – Commerzbank

The small rebound has been fairly tepid and “we view this as a minor rebound from the 1.2949 200 day MA”, wrote Karen Jones. “We should see failure shortly and a slide to 1.2839, the 78.6% retracement of the move up in April. This is the last defense for the 1.2740 recent low”, added the Commerzbank analyst, pointing to key support at 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low) and viewing the recent failure ahead of the 1.3225/50% retracement as an interim peak, with initial resistance at 1.3132.
Read more Next
Start livechat