6 Jun 2014
EUR/USD gets some more data, but refuses to move
FXStreet (Moscow) - EUR/USD opened the day at 1.3660, and since that time hardly moved more than 6 pips, coming to European session at 1.3655.
German data – another confirmation
The just released mixed data out of Germany supported the fears of the ECB about fragile recovery of the euro zone economy. Industrial production came worse than forecasted at 0.2 vs +0.4%. However, trade data surprised to the upside. Trade balance grew to 17.7bn vs 15.2bn euro, and what is more important exports rose 3.0% vs 1.5% forecasted meaning the high rate exchange didn’t damage export activity of the country. The numbers triggered only mild reaction of the pair with the euro moving around 1.3655 at the moment. Since there are no significant events up till American Non-Farm Payrolls release, we may see a lackluster session ahead.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3612, with support below at 1.3552, 1.3444 and 1.3384, with resistance above at 1.3720, 1.3780, and 1.3888. Hourly Moving Averages are bullish, with the 200SMA at 1.3618 and the daily 20EMA bearish at 1.3671. Hourly RSI is bullish at 64.
German data – another confirmation
The just released mixed data out of Germany supported the fears of the ECB about fragile recovery of the euro zone economy. Industrial production came worse than forecasted at 0.2 vs +0.4%. However, trade data surprised to the upside. Trade balance grew to 17.7bn vs 15.2bn euro, and what is more important exports rose 3.0% vs 1.5% forecasted meaning the high rate exchange didn’t damage export activity of the country. The numbers triggered only mild reaction of the pair with the euro moving around 1.3655 at the moment. Since there are no significant events up till American Non-Farm Payrolls release, we may see a lackluster session ahead.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3612, with support below at 1.3552, 1.3444 and 1.3384, with resistance above at 1.3720, 1.3780, and 1.3888. Hourly Moving Averages are bullish, with the 200SMA at 1.3618 and the daily 20EMA bearish at 1.3671. Hourly RSI is bullish at 64.