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
28 Feb 2025

EUR/USD Price Analysis: Pair stabilizes below 20-day SMA, sharp weekly decline

  • EUR/USD posts mild movements after a volatile week, bouncing slightly after recent sharp losses.
  • After facing a third rejection at the 100-day SMA, the pair plummeted to a two-week low, shedding over 0.70% before stabilizing.
  • Key resistance stands at the 20-day SMA near 1.0420.

EUR/USD closed the week with a slight recovery but remains in a vulnerable position after failing to sustain gains above the 100-day Simple Moving Average (SMA). The pair faced a decisive rejection at this level, which now appears to be converging with the 20-day SMA, increasing the likelihood of a bearish crossover. 

Despite this downside pressure, by the end of the week, the pair managed to stabilize just below the 20-day SMA, limiting further downside momentum. However, technical signals remain cautious, with the Relative Strength Index (RSI) in negative territory but flat, suggesting a temporary pause in the bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram showed a fresh red bar, indicating the presence of selling pressure.

Looking ahead, immediate resistance is seen at the 20-day SMA, which needs to be reclaimed for a sustained recovery. A break above this level could expose the 100-day SMA once again. On the downside, support is located at 1.0380, followed by 1.0350, a key level that could determine the next directional move.

EUR/USD daily chart

Feb 28, 2025

GBP/USD struggles at 1.2600 set to first monthly gain since September

The Pound Sterling struggles to clear the 1.2600 figure against the US Dollar yet is set for it first monthly gain since September 2024.
Read more Previous
Feb 28, 2025

US President Trump, Ukrainian President Zelenskyy exchange barbs over defense deal

A meeting between US President Donald Trump and Ukrainian leader Volodymyr Zelenskyy devolved into an argument on Friday.
Read more Next