Forex: EUR/USD extends the decline
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The post-NFP mini rally continues to weight on the single currency, extending its decline against the greenback, now navigating near the boundaries of 1.2940.
US Factory Orders surprised to the upside, climbing 4.8% during September, slightly above forecasts at +4.6%, giving the EUR another push lower.
No further data or results are expected in the US, just speeches by Fed's Tarullo and FOMC member Williams.
At the moment, the cross is down 0.70% at 1.2853
Immediate support is waiting at 1.2832 (MA200d) ahead of 1.2827 (Upper Bollinger) then 1.2825 (low Oct.11) and 1.2804 (low Oct.1).
On the upside, a break above 1.2950 (high Nov.2) would expose 1.2983 (high Nov.1) then the psychological level at 1.3000 and then 1.3021 (high Oct.31).
US Factory Orders surprised to the upside, climbing 4.8% during September, slightly above forecasts at +4.6%, giving the EUR another push lower.
No further data or results are expected in the US, just speeches by Fed's Tarullo and FOMC member Williams.
At the moment, the cross is down 0.70% at 1.2853
Immediate support is waiting at 1.2832 (MA200d) ahead of 1.2827 (Upper Bollinger) then 1.2825 (low Oct.11) and 1.2804 (low Oct.1).
On the upside, a break above 1.2950 (high Nov.2) would expose 1.2983 (high Nov.1) then the psychological level at 1.3000 and then 1.3021 (high Oct.31).
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