OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: EUR/USD flat below the 1.3000 mark

FXstreet.com (Barcelona) - The EUR/USD is last at 1.2986, near session highs, off recent session lows at 1.2965, and about flat for the week so far. The pair has been mostly range bound since week started, printing weekly highs at 1.2999 following US retail sales after a initial drop to weekly lows at 1.2940. EUR/USD is down -1.58% year to date, and -0.99% in last 6 months.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: “the EUR/USD hourly chart reflects the lack of direction of the pair, as indicators stand flat in neutral territory, while 20 SMA is also flat around current levels,” the analyst says, adding: “In the 4 hours chart, 20 SMA maintains a strong bearish slope above current price, while indicators turned flat in oversold territory, and candles show long shadows both sides, another reflection on market uncertainty. Overall, the downside remains favored with spikes up to 1.3050 attracting sellers while a break below 1.2935 opening doors to a quick slide towards 1.2880,” she concludes.

Valeria sees support levels at: 1.2935, 1.2880 and 1.2840, while resistance levels at: 1.2970, 1.3000 and 1.3030.

Forex: AUD/NZD edges higher after NZD retail sales data

The AUD/NZD finished the day down 3 pips at 1.0259. Earlier in the session NZD Retail sales were released at 22:45GMT which came in below expectations (0.5% actual vs. 0.8% estimate). The pair was trading as low as 1.2045 before the print, but has since edged higher up to 1.2075. Later in the day we will see the Aussie Budget Balance, which is due out at 9:00GMT.
Read more Previous

Japan: Domestic Corporate Goods Price Index (MoM) (Apr): 0.3% vs 0.1%

Read more Next
Start livechat