Created
: 2024.11.25
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/USD: Near term retracement - OCBC
Breaking news
EUR/USD: Near term retracement - OCBC
New
2024.11.25 19:17
2024.11.25 19:17
2024.11.25 19:17
The Euro (EUR) fell to 2-year low last Fri after PMIs slumped in Germany and France. Pair was last at 1.0472 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Upside surprise may aid the squeeze in EUR shorts
"Elsewhere, worsening of geopolitical development between Ukraine-Russia (higher natural gas prices), fears of US protectionism measures, German political uncertainty, an acceleration in dovish re-pricing of ECB cut cycle further undermined EUR. Last Fri, Villeroy said that decision made at ECB are independent of those of the Fed."
"And he elaborated saying that ECB can lower rates with the fall in inflation. He also added that prices are increasing less quickly than wages on average - allowing ECB to lower interest rates. This morning, EUR rose amid pullback in USD. Bearish momentum on daily chart intact while RSI shows signs of turning higher from near oversold conditions."
"Bullish divergence is also observed on daily MACD. Not ruling our EUR short squeeze intra-day. Resistance at 1.0510, 1.06 and 1.07 (21 DMA). Key support at 1.0450 levels before 1.03 levels. Focus this week on Euro-area CPI. Upside surprise may aid the squeeze in EUR shorts."
Last updated
: 2024.11.25
Related articles
USD/CHF Price Prediction: Pulling back within an uptrend
34 minutes agoJPY: Fiscal-monetary policy mix moves more supportive - ING
37 minutes agoCrude Oil retreats slightly at start of Thanksgiving week as focus shifts to OPEC+ meeting
48 minutes agoUSD: In the lead - Rabobank
49 minutes agoEUR: 25bp or 50bp from the ECB is the story - ING
2024.11.25 20:36USD/JPY: Expected to edge below 153.70 - UOB Group
2024.11.25 20:25
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CHF Price Prediction: Pulling back within an uptrend
USD/CHF is pulling back within an established short and medium-term uptrend.
New
2024.11.25 21:02JPY: Fiscal-monetary policy mix moves more supportive - ING
The Japanese Yen (JPY) is starting to show a little strength on the crosses.
New
2024.11.25 21:00Crude Oil retreats slightly at start of Thanksgiving week as focus shifts to OPEC+ meeting
Crude Oil takes a step back on Monday, trading at around $70, after a calmer weekend on the geopolitical front and ahead of a holiday-shortened week in the US due to Thanksgiving.
New
2024.11.25 20:48USD: In the lead - Rabobank
The US Dollar (USD) net short positions have increased, driven by a decrease in long positions.
New
2024.11.25 20:47USD/CNH: USD to trade between 7.2300 and 7.2600 - UOB Group
The US Dollar (USD) is expected USD to trade between 7.2300 and 7.2600.
New
2024.11.25 20:39EUR: 25bp or 50bp from the ECB is the story - ING
Friday's soft eurozone PMI releases - especially the drop in the services component - hit the short-end of the region's rate market hard and took EUR/USD to the lowest levels since 2022.
New
2024.11.25 20:36USD/JPY: Expected to edge below 153.70 - UOB Group
The US Dollar (USD) is expected to edge below 153.70; the major support at 153.30 is unlikely come under threat.
New
2024.11.25 20:25USD: FOMC minutes and core PCE in focus this week - ING
The Dollar Index (DXY) briefly traded above 108 on Friday, although this was primarily a euro rather than dollar-driven move, ING's FX analyst Chris Turner notes.
New
2024.11.25 20:20NZD/USD: NZD can edge higher to 0.5880 - UOB Group
Provided that 0.5825 is not breached; the New Zealand Dollar (NZD) could edge higher to 0.5880.
New
2024.11.25 20:03USD/SGD: Retracement underway - OCBC
USD/SGD fell in early trade this morning, tracking the broad USD pullback.
New
2024.11.25 19:59Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
