News | Forex Optimum

News

News

EUR/USD: Clear way for a move to the 1.2130 level - Credit Suisse

FXStreet reports that EUR/USD maintains its break above 1.1990/97 and large bullish “outside day” and analysts at Credit Suisse look for further strength to 1.2103/13, with scope for the potential downtrend from early January, today seen at 1.2130.

“EUR/USD maintains its break above key resistance from its 55-day average and mid-March highs at 1.1992/97 completing a large bullish ‘outside day’ in the process and this suggests a more important low has indeed been established near the 1.1695 key retracement support/target (38.2% of the 2020/2021 uptrend).” “We look for further strength to resistance at the March high and 61.8% retracement of the 2021 fall at 1.2103/13, with the potential downtrend from the 2021 high just above at 1.2127/30. We would look for this latter area to then ideally cap for a pullback into what we look to be a broader sideways range.” 

“Support moves to 1.2033 initially, then 1.2015, with 1.1995/90 ideally holding to keep the immediate risk higher."

You may also be interested:

13:57 22.10.2021
Eurozone long-term inflation gauge hits 2% for first time since 2014 – Reuters
According to Reuters, a key market gauge of the long-term inflation gauge in the eurozone hit 2% for the first time since 2014.  "The five-year, five-year breakeven inflation forward has risen from just under 1.30% at the start of the year, driven by recovery from the COVID-19 pandemic and elevated current inflation readings spurred on by supply bottlenecks and high energy prices," Reuters explained. source: Reuters Market reaction This development doesn't seem to
13:52 22.10.2021
EUR/JPY Price Analysis: Still room for a test of 2021 highs
EUR/JPY manages to reverse Thursday’s strong pullback. The resumption of the upside could well see the YTD high retested. EUR/JPY’s needle-like upside seems to have met some decent hurdle in the vicinity of 133.50 on Thursday, sparking quite a moderate corrective downside afterwards. The cross corrected lower following recent overbought levels. However, the current positive outlook should allow for the continuation of the uptrend in the not-so-distant future, with minor hurdles
13:46 22.10.2021
AUD/USD retakes 0.7500 mark amid weaker USD
AUD/USD regained positive traction on Friday and reversed the previous day’s retracement slide. An improvement in the risk sentiment undermined the safe-haven USD and remained supportive. Elevated US bond yields did little to impress the USD bulls or hinder the strong intraday move up. The AUD/USD pair built on its intraday ascent and climbed back above the key 0.7500 psychological mark during the first half of the European session. Following the previous day's turnaround from
Deposit
options
Trading
platform
download
Bonuses VIP