OctaFX | OctaFX Forex Broker
Open trading account

Forex: EUR/USD settles below 1.3100

FXstreet.com (Córdoba) - The euro failed to sustain gains versus the greenback during the American session as risk appetite deteriorated amid a mix of news including reports of explosions in Iran.

EUR/USD dropped back below 1.3100 toward the 1.3070 area, erasing gains and turning flat for the day, after being rejected from a high of 1.3131. At time of writing, EUR/USD is trading around 1.3085, just a few pips above its opening price.

If the euro continues to weaken, immediate supports could be found at 1.3067 (daily low) and 1.3052 (low May 6) ahead of 1.3033 (low May 3). On the flip side, resistances are seen at 1.3131 (daily high), 1.3160 (high May 3) and then 1.3200 (psychological level).

Forex: USD/CAD hovering over 1.0050/55

The Canadian dollar is gaining ground against its neighbour on Tuesday, orbiting around the mid 1.0000s as markets remains tilted towards the risk appetite...
Read more Previous

Forex: AUD/USD consolidates losses below 1.0200

Today’s decision by the central bank commanded by G.Stevens to lower the refi rate to 2.85% is still weighting on the Aussie, dragging AUD/USD well below the key mark at 1.0200 around 1.0160/65...
Read more Next
Start livechat