2 Dec 2013
EUR/USD tight between 1.3540 and 1.3560
FXstreet.com (London) - EUR/USD is tightly trading between 1.3540 and 1.3560 while both the EZ and US have reported a number of data releases today.
The US construction spending dropped 0.3% in September, the ISM manufacturing PMI showed improvement in the sector, with the index reaching 57.3, its highest level since April 2011, versus 55.0 expected. There were no big surprises in the revisions to EZ PMIs with most showing some improvement.
EUR/USD Levels
The 20 DMA is 1.3498, the 50 DMA is 1.3563 and the 200 DMA is 1.3226. RSI (14) reads 36.29. Supports are ascending from 1.3509. Spot is currently 1.3539 with resistances 1.3568, 1.3578, 1.3604, 1.3622, 1.3627, 1.3646 and 1.3688.
The US construction spending dropped 0.3% in September, the ISM manufacturing PMI showed improvement in the sector, with the index reaching 57.3, its highest level since April 2011, versus 55.0 expected. There were no big surprises in the revisions to EZ PMIs with most showing some improvement.
EUR/USD Levels
The 20 DMA is 1.3498, the 50 DMA is 1.3563 and the 200 DMA is 1.3226. RSI (14) reads 36.29. Supports are ascending from 1.3509. Spot is currently 1.3539 with resistances 1.3568, 1.3578, 1.3604, 1.3622, 1.3627, 1.3646 and 1.3688.