12 Dec 2013
EUR/USD retraces gains on Draghi speach
FXstreet.com (Barcelona) - Despite poking its head above the pulpit at 1.3803 this morning, EUR/USD has declined in early European trading to where it presently sits at 1.3778, down -0.05%.
EUR/USD declines as Draghi speaks
This morning has seen ECB President Draghi speak in Strasbourg, where he commented that the recovery had been weak, and indicating that the door may be open for future easing. Gerry Davies of FXBeat adds that Draghi commented that he anticipates protracted inflation weakness. Elsewhere the SNB took the decision to hold rates at 0%. In the European calendar, The ECB Monthly report has just been released, and EZ Industrial Production lies ahead at 10:00 GMT.
What are today’s key EUR/USD levels?
Today’s central pivot point can be found at 1.3779, with support below at 1.3747 (S1), 1.3707 (S2) and 1.3675 (S3), and resistance above at 1.3819 (R1), 1.3851 (R2) and 1.3891 (R3). The range between 1.3787-1.3753 shows that support can be derived from a clustering of key technical levels.
How strong has EUR/USD price action been?
Hourly RSI presently sits at 51 and is neutral, with ADX at 22. The hourly 200 SMA presently sits at 1.3663 and is sloping higher, while the daily 20 EMA sits at 1.3622 and is also bullish.
EUR/USD declines as Draghi speaks
This morning has seen ECB President Draghi speak in Strasbourg, where he commented that the recovery had been weak, and indicating that the door may be open for future easing. Gerry Davies of FXBeat adds that Draghi commented that he anticipates protracted inflation weakness. Elsewhere the SNB took the decision to hold rates at 0%. In the European calendar, The ECB Monthly report has just been released, and EZ Industrial Production lies ahead at 10:00 GMT.
What are today’s key EUR/USD levels?
Today’s central pivot point can be found at 1.3779, with support below at 1.3747 (S1), 1.3707 (S2) and 1.3675 (S3), and resistance above at 1.3819 (R1), 1.3851 (R2) and 1.3891 (R3). The range between 1.3787-1.3753 shows that support can be derived from a clustering of key technical levels.
How strong has EUR/USD price action been?
Hourly RSI presently sits at 51 and is neutral, with ADX at 22. The hourly 200 SMA presently sits at 1.3663 and is sloping higher, while the daily 20 EMA sits at 1.3622 and is also bullish.