Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
23 Nov 2022

EUR/USD Price Analysis: Bulls poke 1.0320 hurdle to aim for 200-DMA

  • EUR/USD picks up bids to defend the previous day’s rebound.
  • Convergence of the 10-DMA, one-week-old resistance line challenges buyers.
  • Bears need validation from resistance-turned-support stretched from early October.
  • Oscillators seem running out of bullish bias as buyers brace for another battle with the 200-DMA.

EUR/USD prints mild gains around 1.0320 as buyers keep the previous day’s rebound from a one-week low during early Wednesday.

In doing so, the major currency pair jostles with a short-term key resistance comprising the 10-DMA and a one-week-old descending trend line.

It’s worth noting that the receding bullish bias of the Moving Average Convergence and Divergence (MACD) indicator joins the return of the Relative Strength Index, placed at 14, from overbought territory to suggest further hardships for the EUR/USD pair buyers.

Even so, a clear upside break of the 1.0320 resistance could quickly propel the EUR/USD prices toward the 200-DMA hurdle surrounding 1.0400. However, any further advances appear tough and can challenge the bulls.

Even if the EUR/USD buyers manage to cross the 1.0400 hurdle, the monthly high near 1.0481 could act as an additional upside filter.

Alternatively, pullback moves remain elusive until the quote stays beyond the previous resistance line from early October, around 1.0200 by the press time.

Following that, the southward trajectory could aim for the 1.0100 round figure and the previous monthly high near 1.0090.

EUR/USD: Daily chart

Trend: Limited upside expected

 

Nov 23, 2022

Covid-19 cases in China are spiraling toward record highs

Covid-19 cases in China are spiraling toward record highs, forcing officials to again lock down large swaths of the country. China's capital Beijing r
Read more Previous
Nov 23, 2022

GBP/USD Price Analysis: Bulls are solid after a Symmetrical Triangle breakout above 1.1900

The GBP/USD pair has refreshed its three-day high at 1.1903 in the early Asian session as investors’ risk appetite is improving dramatically. The Cabl
Read more Next