25 Apr 2014
EUR/USD sits in the middle of the weekly range
FXStreet (Moscow) - EUR/USD opened the day at 1.3831, and since that time hardly moved more than 5 pips.
Verbal intervention with passion
Although Draghi tried to be very cautious with words when communicating with the market, his colleague Coene warned the investors against the strong euro stressing the damage it brings to the regional economy. It means that the ECB is unlikely to go for any changes at May meeting, however, it will be strongly against any further rise of the single currency intervening verbally with passion every time it goes out of the ‘comfort zone’. The EMU calendar is practically empty for today, thus, the pair will be moving under the influence of market sentiment. The upside is limited by 1.3854 resistance level, and the downside by 1.3801.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3822, with support below at 1.3801, 1.3769 and 1.3748, with resistance above at 1.3854, 1.3875, and 1.3907. Hourly Moving Averages are bullish, with the 200SMA at 1.3818 and the daily 20EMA neutral at 1.3810. Hourly RSI is bullish at 54.
Verbal intervention with passion
Although Draghi tried to be very cautious with words when communicating with the market, his colleague Coene warned the investors against the strong euro stressing the damage it brings to the regional economy. It means that the ECB is unlikely to go for any changes at May meeting, however, it will be strongly against any further rise of the single currency intervening verbally with passion every time it goes out of the ‘comfort zone’. The EMU calendar is practically empty for today, thus, the pair will be moving under the influence of market sentiment. The upside is limited by 1.3854 resistance level, and the downside by 1.3801.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3822, with support below at 1.3801, 1.3769 and 1.3748, with resistance above at 1.3854, 1.3875, and 1.3907. Hourly Moving Averages are bullish, with the 200SMA at 1.3818 and the daily 20EMA neutral at 1.3810. Hourly RSI is bullish at 54.