OctaFX | OctaFX Forex Broker
سائن ان کریں
اکاؤنٹ کھولیں
Back

Forex: EUR/USD falls to fresh 5-day low

The euro extended its decline versus the dollar and recently printed a fresh 5-day low of 1.3535 as disappointing Spanish employment figures and profit-taking have weighed on the EUR/USD ahead of the ECB monetary policy that would take place next Thursday.

EUR/USD has lost over 100 pips throughout the day, extending its retreat from a 14-month high of 1.3710, and it is currently trading around 1.3540, 0.8% below its opening price.

From a technical view, regain of minimum 1.3650, 61.8% of 1.3710/1.3547 decline is required to keep underlying bull-trend intact and re-focus 1.3700 zone, according to Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Conversely, loss of 1.3540 handle, would risk extension towards 1.3500/1.3477, next support levels".

Forex Flash: Risks puts GBP crosses under pressure – UBS

It appears the market is getting more nervous about holding short GBP positions heading into incoming Governor Mark Carney's Treasury Select Committee Testimony on February 7th. Led by asset managers' and hedge funds' selling in EUR/GBP, the pound was the best performer last week in G10 on a flow basis.
مزید پڑھیں Previous
لائیو چیٹ شروع کریں