The EUR/USD reached a new yearly low as the pair reacted to disappointing European inflation expectations. The market is now waiting for Mario Draghi to testify before the European Parliament’s Economic and Monetary Committee at 1PM GMT.
The price recently bounced off 1.2825 and climbed to 1.2865. We now expect to see sideways movement or a downtrend.
Support is found at 1.2820 and resistance is at 1.2880.
GBP/USD
The GBP/USD sharply increased after the result of the Scottish Referendum vote was released. However, the pair then reversed from 1.6520 and finished the week below 1.6300. This week opened with slight bullish sentiment and is currently trading around 1.6340. Traders should pay attention to speeches from FOMC members’ later today. Any hints regarding what was discussed during the previous FOMC meeting could drive the dollar.
Support is found at 1.6280 and resistance at 1.6400.
September 22, 2014 – Forex News
Hot asset for today: EUR/USD
EUR/USD
The EUR/USD reached a new yearly low as the pair reacted to disappointing European inflation expectations. The market is now waiting for Mario Draghi to testify before the European Parliament’s Economic and Monetary Committee at 1PM GMT.
The price recently bounced off 1.2825 and climbed to 1.2865. We now expect to see sideways movement or a downtrend.
Support is found at 1.2820 and resistance is at 1.2880.
GBP/USD
The GBP/USD sharply increased after the result of the Scottish Referendum vote was released. However, the pair then reversed from 1.6520 and finished the week below 1.6300. This week opened with slight bullish sentiment and is currently trading around 1.6340. Traders should pay attention to speeches from FOMC members’ later today. Any hints regarding what was discussed during the previous FOMC meeting could drive the dollar.
Support is found at 1.6280 and resistance at 1.6400.