6 May 2014
EUR/USD is silent around 1.3880
FXStreet (Moscow) - EUR/USD retreats from session high at 1.3884 reaching 1.3875 at the moment.
PMIs are not of interest
Although the market has recently paid much attention to PMI reports, the released today data may be ignored by the market. Hardly the revisions to the services and composite PMIs for April from Germany, France, and the Euro-area as a whole will trigger any significant moves as it won’t change the ECB stance during the nearest meeting. Thus, the pair may spend the day in consolidation with 1.3864 support limiting the downside, and 1.3887 resistance – the upside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3875, with support below at 1.3864, 1.3852 and 1.3841, with resistance above at 1.3887, 1.3898, and 1.3910. Hourly Moving Averages are bullish, with the 200SMA at 1.3849 and the daily 20EMA bullish at 1.3833. Hourly RSI is bullish at 57.
PMIs are not of interest
Although the market has recently paid much attention to PMI reports, the released today data may be ignored by the market. Hardly the revisions to the services and composite PMIs for April from Germany, France, and the Euro-area as a whole will trigger any significant moves as it won’t change the ECB stance during the nearest meeting. Thus, the pair may spend the day in consolidation with 1.3864 support limiting the downside, and 1.3887 resistance – the upside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3875, with support below at 1.3864, 1.3852 and 1.3841, with resistance above at 1.3887, 1.3898, and 1.3910. Hourly Moving Averages are bullish, with the 200SMA at 1.3849 and the daily 20EMA bullish at 1.3833. Hourly RSI is bullish at 57.