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
13 May 2025

EUR/USD Price Analysis: Euro climbs toward 1.1200 as bullish sentiment builds

  • EUR/USD trades near the 1.1200 zone after strong gains in Tuesday’s session.
  • Mixed momentum signals, but broader trend remains positive with long-term support.
  • Key support levels hold below, while resistance aligns near recent highs.

The EUR/USD pair advanced on Tuesday, trading near the 1.1200 zone after the European session, reflecting a strong bullish tone as the market approaches the Asian session. Price action remains near the top of the daily range, suggesting that buyers maintain control despite mixed momentum readings. The broader technical picture remains constructive, with several longer-term moving averages reinforcing the overall uptrend.

From a technical perspective, the pair presents a mixed but generally positive outlook. The Relative Strength Index sits in the 40s, indicating balanced momentum without immediate overbought conditions. The Moving Average Convergence Divergence, however, continues to flash a sell signal, hinting at potential short-term resistance. Meanwhile, the Bull Bear Power indicator supports the buy bias, adding weight to the bullish case. The Ultimate Oscillator also holds in the 40s, reflecting a cautious tone, while the Stochastic %K, trading near 16, flashes a clear buy signal, indicating potential for further gains.

The broader trend structure is supported by key moving averages. The 100-day and 200-day Simple Moving Averages, along with the 50-day Exponential Moving Average and 50-day Simple Moving Average, all align with the buy sentiment, reinforcing the underlying uptrend. However, the 20-day Simple Moving Average remains a headwind, suggesting that the path higher may still face resistance.

Support levels cluster around 1.1132, 1.1084, and 1.1083. Resistance is found at 1.1197, 1.1230, and 1.1242. A sustained move above the immediate resistance zone could confirm a broader breakout, while a drop below support might trigger a short-term correction, potentially testing the lower end of the recent range.

Daily Chart

May 13, 2025

GBP/USD rebounds on soft CPI, boosting Fed cut bets

The Pound Sterling recovered from Monday’s losses and climbed over 0.35% against the Greenback after the latest inflation report in the United States (US) kept traders' hopes high for further easing by the Federal Reserve. The GBP/USD trades at 1.3226 after bouncing of a daily low of 1.3165.
Read more Previous
May 13, 2025

United States 52-Week Bill Auction up to 3.93% from previous 3.82%

United States 52-Week Bill Auction up to 3.93% from previous 3.82%
Read more Next