Created
: 2025.10.07
- 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: Political noises to undermine - OCBC
Breaking news
EUR/USD: Political noises to undermine - OCBC
New
2025.10.07 17:21
2025.10.07 17:21
2025.10.07 17:21
Euro (EUR) slipped yesterday on news that French PM Lecornu resigned after less than 1 month on the role. Pair was last at 1.1677 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
2-way trades still likely
"This is the 3rd PM after Bayrou and Barnier to leave office, since December-2024. But post-resignation, President Macron tasked Lecornu 48 hours to work on a plan for the 'stability for the country'. This feels like Macron is 'buying time' and by Wednesday, Macron has to make a choice to either appoint another PM, dissolve the National Assembly or tender his resignation (which is of low probability at this point)."
"Additionally, the Netherlands will hold General Elections on October 29. These political developments may still pose downward risk on the EUR in the near term. However, the broader fundamental outlook remains supportive of the euro, suggesting a buy-on-dips approach."
"Daily momentum is mild bearish but decline in RSI moderated. 2-way trades still likely. Resistance at 1.1745 (21 DMA), 1.1810 and 1,1920 levels (2025 high). Support at 1.1680 (50 DMA), 1.1640 levels (100 DMA, 23.6% fibo retracement of Mar low to Sep high), 1.16 (100 DMA)."
Last updated
: 2025.10.07
Related articles
USD/JPY: Might test the significant resistance zone of 150.90/151.20 - UOB Group
8 minutes agoNZD/USD is trading in a higher range of 0.5810/0.5850 - UOB Group
14 minutes agoEUR/GBP Price Forecast: Upside attempts are limited below 0.8700
15 minutes agoJPY: A softer profile yes, but this is no 2013 - ING
29 minutes agoEuropean Gas prices jump 5% as supply risks mount - ING
30 minutes agoUSD: Expensive to be short - ING
35 minutes ago
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 strengthens as Gold nears $4,000 - BBH
US Dollar (USD) is up against all major currencies, S&P500 futures are flat after the underlying index hit a fresh high yesterday, and gold prices continue to go parabolic inching towards $4,000 per ounce, BBH FX analysts report.
New
2025.10.07 18:56USD/CNH: Expected to trade in a range between 7.1340 and 7.1480 - UOB Group
US Dollar (USD) is expected to trade in a range between 7.1340 and 7.1480. In the longer run, upward momentum is starting to build; for a continued advance, USD must first break clearly above 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.10.07 18:54USD/JPY: Might test the significant resistance zone of 150.90/151.20 - UOB Group
US Dollar (USD) could continue to rise; any advance is likely part of a higher range of 149.70/150.70. In the longer run, the price action suggests USD could continue to rise and test the significant resistance zone of 150.90/151.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.10.07 18:48China keeps adding Gold to its reserves - ING
China's central bank continued to add Gold to its reserves for an 11th consecutive month in September. The People's Bank of China added 40,000 troy ounces (1.24 tonnes) of Gold to its reserves, taking the total to 74.06 million troy ounces (2,303.5 tonnes).
New
2025.10.07 18:44NZD/USD is trading in a higher range of 0.5810/0.5850 - UOB Group
The slight increase in upward momentum is likely to lead to New Zealand Dolla (NZD) trading in a higher range of 0.5810/0.5850. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.10.07 18:42EUR/GBP Price Forecast: Upside attempts are limited below 0.8700
The Euro has given away previous gains and is trading practically flat on the daily chart against the British Pound.
New
2025.10.07 18:41Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
New
2025.10.07 18:30JPY: A softer profile yes, but this is no 2013 - ING
The 'Takaichi trade' has indeed delivered a steeper yield curve, an equity rally and a weaker Japanese Yen (JPY), ING's FX analyst Chris Turner notes.
New
2025.10.07 18:27European Gas prices jump 5% as supply risks mount - ING
European natural Gas prices surged over 5% to settle above €33/MWh as markets weighed rising geopolitical risks and colder weather forecasts.
New
2025.10.07 18:27USD: Expensive to be short - ING
The US Dollar Index (USD) has gone a little bid this week - largely down to the weakness in the yen, which has a 14% weight in the DXY. At the same time, the dollar is an expensive short position given its 4.15% per annum one-week interest rate.
New
2025.10.07 18:21Disclaimer:
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
