11 Apr 2014
EUR/USD looking determined
FXStreet (Guatemala) - Currently, EUR/USD is trading at 1.3891, up 0.04% on the day, having posted a daily high at 1.3895 and low at 1.3881.
EUR/USD is riding a weak dollar but the backdrop in the Eurozone has some wondering whether this pair can make the psychological 1.40 handle before EZ fundamentals begin to kick in again. Looking to a daily chart, we see that RSI is neutral at 57.85. The 200 SMA is currently at 1.3840, up from 1.3777 at the last period close, and climbing on the hourly EUR/USD chart. Moving with a range bound trend, the exponential average closing price is 1.3785.
EUR/USD Levels
With spot trading at 1.3891, we can see next resistance ahead at 1.3895 (Daily High), 1.3900 (Yesterday's High), 1.3916 (Daily Classic R2), 1.3934 (Monthly High) and 1.3934 (Annual High). Support below can be found at 1.3886 (Daily Open), 1.3886 (Weekly High), 1.3886 (Daily Classic R1), 1.3881 (Weekly Classic R2) and 1.3881 (Daily Low).
EUR/USD is riding a weak dollar but the backdrop in the Eurozone has some wondering whether this pair can make the psychological 1.40 handle before EZ fundamentals begin to kick in again. Looking to a daily chart, we see that RSI is neutral at 57.85. The 200 SMA is currently at 1.3840, up from 1.3777 at the last period close, and climbing on the hourly EUR/USD chart. Moving with a range bound trend, the exponential average closing price is 1.3785.
EUR/USD Levels
With spot trading at 1.3891, we can see next resistance ahead at 1.3895 (Daily High), 1.3900 (Yesterday's High), 1.3916 (Daily Classic R2), 1.3934 (Monthly High) and 1.3934 (Annual High). Support below can be found at 1.3886 (Daily Open), 1.3886 (Weekly High), 1.3886 (Daily Classic R1), 1.3881 (Weekly Classic R2) and 1.3881 (Daily Low).