Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
EUR/USD meeting resistance around 1.12 for the time being
On Friday the EUR/USD managed to just top the 1.12 handle for the first time since July last year. The high seen came just ahead of the US close, at 1.1201. The EUR/USD later closed out the week at 1.1192. Earlier today it had another look at that 1.12 handle and topped out again, this time at 1.1202. The high seen back in July 2023 was set at 1.1276 and that looks like the next potential target, if and when it can vault that 1.12 handle in a more sustained manner.There is also a long term resistance level in place at 1.1222 (100 month moving average). Ahead of that there are clearly sellers in place around 1.12 though for the time being. The prospect of a weak German IFO report might be hampering there topside too. The low seen this morning was set a short while ago at 1.1178. The EUR/USD is currently trading 1.1182
Market News
All News-
S+P 500 backs away from a new all time high today
Earlier this afternoon the S+P 500 managed to surpass the current all time high it set earlier this summer, at 5,669.67. The index set a new record...
-
Gold drops back as the Yen retreats
The USD/JPY has continued to react positively to the decent US data today and risen further above the 141 handle. The high seen this afternoon has... -
Addendum and correction to the previous update on BTC
Upon further inspection BTC has not yet passed above the 100 day moving average. That is in place right now at 61,365. So, as you can see the high (61...
