OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD at daily lows

FXstreet.com (Córdoba) - After failing to overtake the 1.3200 level on Wednesday, EUR/USD came under modest pressure and retreated somewhat in a fairly quiet session.

The cross backed away from a daily high of 1.3175 toward a low of 1.3133, slipping back below the 100-day SMA (today around 1.3155) despite a well received Spanish auction. At time of writing, EUR/USD is trading around 1.3140, just a few pips below its opening price.

In terms of technical levels, immediate support levels for EUR/USD could be found at 1.3120 (200-hour SMA) and 1.3080 (20-day SMA), while on the flip side, next resistances are seen at 1.3175 (daily high), 1.3200 (psychological level/high May 8) and 1.3240 (high May 1).

Forex: USD/JPY finds support around 98.60/65

The Japanese yen is depreciating against its American counterpart for the third consecutive session on Thursday so far, dragging the cross to intraday lows around 98.60/65. Subsequent buying interest...
Read more Previous

Forex: EUR/JPY – A Triple top and highs 130.44

The EUR/JPY hasn’t been able to breach the yearly highs for a third time in a row this week, with failed attempts on Monday, Tuesday and again yesterday.
Read more Next
Start livechat