OctaFX | OctaFX Forex Broker
登录
开通账户
Back

EUR/USD was hit by German news - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik remarks that the disappointing German ZEW reading for July pushed the EUR/USD down to the 1.3335 level in the European morning.

Key quotes

"Technically, the hourly chart shows price well below its moving averages, with 20 SMA presenting a strong bearish slope and crossing below 100 and 200 ones, which supports the dominant bearish trend."

"Notwithstanding, indicators bounce from oversold readings, supporting current upward corrective movement, that may extend up to 1.3400 without really affecting that trend."

"In the 4 hours chart indicators are biased lower, yet lacking clear bearish momentum at the time being, probably due to the lack of volume over these last few days."

"With market for the most short in the pair, the break lower may produce shallow results, yet 1.3295 continues to be the immediate bearish target once 1.3330 gives up."

AUD/USD breaks above 0.9265 and tests 0.9275

The Aussie rose around 20 pips in the latest few hours from 0.9255 to break above previous daily highs at 0.9255 and to test the 0.9275 area where the AUD/USD is finding selling interest.
了解更多 Previous

G10 FX reactions to euro area inflation surprises - Nomura

Nomura FX Strategists Yujiro Goto and Jordan Rochester point out that Eurozone inflation data has become increasingly important for the G10 FX market in recent months.
了解更多 Next
开始在线聊天