EUR / USD tests 1.2970

Market news

25 October 2012

EUR / USD tests 1.2970

After reaching a maximum in the European session at 1.3023 the EUR / USD began to retreat, met strong resistance from the MA (200) for H1, and after breaking the mark of 1.3000 the rate of decline has accelerated, at the opening of trading in the U.S. has led to the quotation just above 1.2970. After the release of U.S. data continued to decline and is now entrenched in 1.2960-70.

Gold prices rose significantly

U.S.: Pending Home Sales (MoM) , September +0.3% (forecast +2.4%)

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