Forex updates- Euro/USD Overview

According to latest Forex updates on Tuesday the Euro (EUR/USD) gained 70 pips, reached again the 1.3670 resistance area. The Euro traded on lower drive in contrast to how the other majors moved, signifying that investors might be focusing their emotions on the single-currency. The Euro had no clear direction in the Asian session.

The Pound (GBP/USD) is operating very close to the 200-day moving average, after it moved higher very strongly in the last 2 months of trading. On Tuesday, the Pound experienced a very strong European session, but it used up the complete U.S. session trying unproductively to break above the LFB R2 (1.5500) area.

Since early October on Tuesday the Aussie (AUD/USD) attained the peak value, as the pair had a very strong overnight session. The pair lost some of its drive during the U.S. trading hours, moving most of the time side-ways and repeating some of the ground, gained previously. The Aussie slipped 30 pips down to the neutral pivot point (0.7715) in tonight’s Asian session.