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
24 Feb 2025

EUR/USD Price Analysis: Bulls struggle as pair retreats from 100-day SMA

  • EUR/USD posts mild gains but faces rejection near the 100-day SMA.
  • RSI remains in positive territory but shows signs of fading bullish momentum.

The EUR/USD pair started the week on a cautiously positive note, climbing toward recent highs before encountering strong resistance near the 100-day Simple Moving Average (SMA). After briefly reaching the 1.0530 area, the pair lost momentum and pulled back toward the 1.0470 zone. This retreat suggests that bullish efforts are beginning to stall, with sellers gradually regaining control.

Technical signals highlight this shift in sentiment. The Relative Strength Index (RSI) remains in positive territory but is flattening, indicating that bullish momentum may be running out of steam. The Moving Average Convergence Divergence (MACD) histogram shows flat green bars, reinforcing the notion of weakening upward pressure. Without a decisive break above the 100-day SMA, bulls could struggle to maintain control.

In the short term, the key focus will be on whether the pair can defend support around the 1.0450 zone. A break below this level could invite further losses, pushing the pair toward the 20-day SMA. On the upside, a clear breach of the 100-day SMA would be required to revive bullish momentum and open the door for a sustained recovery. For now, the technical indicators suggest that time may be running out for the bulls to regain traction.

EUR/USD daily chart

Feb 24, 2025

Gold price hits all-time high at $2,956 as trade uncertainty lingers

Gold's price rose to a new record high of $2,956 in early trading on Monday during the North American session as the Greenback stayed firm and US yields remained virtually unchanged.
Read more Previous
Feb 24, 2025

GBP/USD holds firm after hitting 9-week high

The Pound Sterling remains firm against the Greenback during the North American session on Monday yet retraced earlier gains after hitting a 9-week high of 1.2690 amid some US dollar weakness.
Read more Next