OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Expect EUR/USD to test upside resistance - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that in the near term, with background positivity attached to the common currency, investors should expect EUR/USD to test towards resistance around 1.3200/30, with support below at 1.3100.

Looking to GBP/USD, he notes that despite disappointing retail sales numbers, the pair rose in line with the mother majors. He writes, “The BOE MPC meeting and the industrial production numbers today present further domestic event risks for the pair today and in the interim, we expect the pair to bounce on dips within a 1.54501.5610 range.”

Forex: USD/JPY fails to take 99.00 overnight

Having failed in its attempt to hold above 99.00 yesterday, USD/JPY declined overnight, to find support around 98.70.
Read more Previous

Forex: EUR/USD eases to 1.3140/45

The single currency has given away a few pips after the Spanish Industrial Output posted an annual contraction of 0.6% in March, recovering part of the previous 6.9% drop. In the meantime, market...
Read more Next
Start livechat