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
27 Feb 2025

EUR/USD Price Analysis: Pair plunges after third rejection at 100-day SMA

  • EUR/USD extends its decline, hitting its lowest level in two weeks.
  • RSI continues to weaken in negative territory, reflecting intensifying bearish momentum.

The EUR/USD pair suffered a sharp decline on Thursday, sinking to its lowest level in two weeks as sellers took control following yet another failure at the 100-day Simple Moving Average (SMA). This marks the third consecutive rejection at this resistance level, reinforcing its significance as a major hurdle for bulls. The latest drop also saw the pair shedding over 0.70% from recent highs, putting additional pressure on its near-term outlook.

From a technical standpoint, indicators are tilting further into bearish territory. The Relative Strength Index (RSI) continues to decline within negative territory, reflecting growing downside momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows decreasing green bars, highlighting the gradual erosion of bullish pressure.

For now, the pair has lost grip of the 100-day SMA, increasing the risk of deeper losses. If the 20-day SMA, which appears to be converging toward the 100-day SMA, fails to provide support, the bearish case would gain further credibility. Conversely, a rebound from this area could open the door for another attempt to reclaim the 100-day SMA.

EUR/USD daily chart

Feb 27, 2025

BoJ's Ueda: Will make policy decisions after looking at US policy impacts

Bank of Japan (BoJ) Governor Kazuo Ueda noted on Thursday that US policy uncertainty is impacting how central banks are doing their jobs, and highlighted that the BoJ will be watching data closely in the runup to possible widespread tariffs.
Read more Previous
Feb 27, 2025

United States 4-Week Bill Auction climbed from previous 4.245% to 4.25%

United States 4-Week Bill Auction climbed from previous 4.245% to 4.25%
Read more Next