22 Jul 2014
EUR/USD came back to open levels from session highs
FXStreet (Moscow) - EUR/USD opened at 1.3523, tried to edge higher reaching 1.3529, but slid to open levels by the moment.
Preparing for PMIs
Tuesday is going to be very calm given the lack of economic releases; however, the euro may start preparations for the reports released later in the week, with EMU PMIs on the agenda. Market may take the data as a clue to current developments in euro zone economy, especially given the growing fear that the region economy is starting to slow down again. Any negative surprises may support the pair move to initial target at 1.3507.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3529, with support below at 1.3507, 1.3491 and 1.3469, with resistance above at 1.3545, 1.3567, and 1.3583. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3571 and the daily 20EMA at 1.3586. Hourly RSI is bearish at 47.
Preparing for PMIs
Tuesday is going to be very calm given the lack of economic releases; however, the euro may start preparations for the reports released later in the week, with EMU PMIs on the agenda. Market may take the data as a clue to current developments in euro zone economy, especially given the growing fear that the region economy is starting to slow down again. Any negative surprises may support the pair move to initial target at 1.3507.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3529, with support below at 1.3507, 1.3491 and 1.3469, with resistance above at 1.3545, 1.3567, and 1.3583. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3571 and the daily 20EMA at 1.3586. Hourly RSI is bearish at 47.