Back
29 Oct 2015
EUR/USD continues to oscillate, retests daily highs
FXStreet (Córdoba) - EUR/USD climbed back to retest daily highs following a short-lived pullback at the beginning of the NY session, with the pair trading back and forth as investors continue to assess Fed statement, US GDP and German inflation numbers.
EUR/USD fell to a session low of 1.0924 from where it bounced, having recovered half a cent over the last minutes. At time of writing, EUR/USD is trading at 1.0965, recording a 0.4% gain on Thursday after losing more than 1% the previous day as the Fed kept December rate hike on the table.
EUR/USD technical levels
On the upside, next resistances line up at 1.0995 (Oct 23 low/former support level), 1.1095 (Oct 28 high) and 1.1110 (200-day SMA). On the downside, supports could be faced at 1.0847 (Aug monthly low), 1.0808 (July monthly low) and then 1.0784 (Apr 24 low).
EUR/USD fell to a session low of 1.0924 from where it bounced, having recovered half a cent over the last minutes. At time of writing, EUR/USD is trading at 1.0965, recording a 0.4% gain on Thursday after losing more than 1% the previous day as the Fed kept December rate hike on the table.
EUR/USD technical levels
On the upside, next resistances line up at 1.0995 (Oct 23 low/former support level), 1.1095 (Oct 28 high) and 1.1110 (200-day SMA). On the downside, supports could be faced at 1.0847 (Aug monthly low), 1.0808 (July monthly low) and then 1.0784 (Apr 24 low).