EUR/USD had reached new lows of this year

September 18, 2014

Current trend

Yesterday, the pair EUR/USD had reached new lows of this year. Euro continued to go down at the Asian trading session, falling to the level of 1.2834. The decline in Euro against the USD was caused by outcome of the FOMC meeting and the speech by Janet Yellen. Investors believed that the US Fed would set a course for monetary policy tightening, and provided further recovery of the American economy, chances of the rise in the interest rates in the nearest future are increasing.

Support and resistance

Resistance levels: 1.2900 (important psychological level), 1.2981 (yesterday’s highs), 1.3044 (moving average with the period 21), 1.3153 (highs of 4 September).

Support levels: 1.2834 (Asian session lows), 1.2754 (lows of 7 September 2013), 1.2700 (important psychological level).

Trading tips

Short positions can be opened below the level of 0.8900 with the target of 0.8850-0.8800.

 

Publication source
LiteForex information  LiteForex reviews

December 9, 2016
Coeure - ECB ready to do more
ECB board member Benoit Coeure commented the yesterday decision in a radio interview. The central bank announced QE tapering stressing that it does not mean less engagement...
December 8, 2016
Tapering and extending
The main challenge for markets today will be steering through the messages that emerge from the ECB meeting and press conference. Whereas the Fed meeting next week is seen as a near certainty in terms of its outcome, this is not the same for the ECB...
December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...

 FXTM Rating
Vantage FX Rating
Z.com Trade Rating
XTB Rating
FXCM Rating
Trade360 Rating

Anyoption Rating
Beeoptions Rating
Empire Option Rating
Binary Brokerz Rating
24option Rating
Grand Option Rating