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Forex Flash: EUR/USD needs a break below 1.3061 and 1.3030 to confirm reversal lower - Commerzbank

FXstreet.com (Barcelona) - As expected, the EUR/USD failed at hefty resistance at 1.3225/43 (50% retracement and Wednesday’s high) yesterday. “A break back below the short term uptrend at 1.3061 and a fall through the 55 day moving average at 1.3030 is still needed to confirm a trend reversal lower”, wrote analyst Karen Jones, pointing to the 1.2972/54 support area (24th April low and the 200 day ma) as new focus in this case, and failure there would concentrate efforts on to 1.2839, the 78.6% retracement of the move up in April, then the 1.2740 recent low.

Forex: USD/CAD trading at resistance at 1.0119/24

The USD/CAD has been relatively constrained Friday of any broader attempt at the upside, however the pair does seem to be intent on rising steadfastly ahead of a rather busy US session later today. Building on yesterday’s uneven performance, the cross is now settling at 1.0119/24, slightly off its highs of 1.0134 earlier today.
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Forex: What does the EUR/USD have to offer? – Danske Bank and Commerzbank

The single currency is currently paring part of yesterday losses, regaining the 1.3100 handle ahead of the US Payrolls due later in the European afternoon...
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