5 Feb 2014
EUR/USD was on the move lower in Asia, but changed the mood
FXStreet (Moscow) - EUR/USD was not a big mover overnight, ranging around central pivot point at 1.3516.
Waiting for the last piece of puzzle
Now the pair may get some opportunities to break the range. The early reports from the EMU region on Services PMI data again beat expectations paving the way for the unchanged ECB meeting, and optimistic comments from Draghi during his press conference. We still wait for the key data from Germany and EMU on the whole, which will define the further direction of the pair. To the downside the support comes at 1.3492 and followed by 1.3469. The upside is limited by 1.3563 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3516, with support below at 1.3492, 1.3469 and 1.3445, with resistance above at 1.3539, 1.3563, and 1.3586. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3605 and the daily 20EMA bearish at 1.3601. Hourly RSI is neutral at 47.
Waiting for the last piece of puzzle
Now the pair may get some opportunities to break the range. The early reports from the EMU region on Services PMI data again beat expectations paving the way for the unchanged ECB meeting, and optimistic comments from Draghi during his press conference. We still wait for the key data from Germany and EMU on the whole, which will define the further direction of the pair. To the downside the support comes at 1.3492 and followed by 1.3469. The upside is limited by 1.3563 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3516, with support below at 1.3492, 1.3469 and 1.3445, with resistance above at 1.3539, 1.3563, and 1.3586. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3605 and the daily 20EMA bearish at 1.3601. Hourly RSI is neutral at 47.