13 Feb 2014
EUR/USD is inspired by EUR/AUD, so far…
FXStreet (Moscow) - EUR/USD showed a mild rise starting at 1.3592 and reaching 1.3637 high by the moment.
Euro may be depressed by too many factors
EUR/USD managed to show movement even in Asia, though some of it was EUR/AUD-inspired, as the cross gained on Australian data. Nevertheless, the pair doesn’t look stable on the back of a series of disappointments from industrial data, resumed talks about negative deposit rates, and the looming euro zone GDP scheduled on Friday. Although we don’t have any events scheduled for today, the pair may come under pressure during the European session. The situation may change only in America provided the USA present weaker than expected retail sales data. The upside limited by 1.3694 resistance level, and to the downside there is 1.3552 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3602, with support below at 1.3552, 1.3510 and 1.3460, with resistance above at 1.3644, 1.3694, and 1.3736. Hourly Moving Averages are mixed, with the 200SMA at 1.3573 and the daily 20EMA flat at 1.3606. Hourly RSI is neutral at 51.
Euro may be depressed by too many factors
EUR/USD managed to show movement even in Asia, though some of it was EUR/AUD-inspired, as the cross gained on Australian data. Nevertheless, the pair doesn’t look stable on the back of a series of disappointments from industrial data, resumed talks about negative deposit rates, and the looming euro zone GDP scheduled on Friday. Although we don’t have any events scheduled for today, the pair may come under pressure during the European session. The situation may change only in America provided the USA present weaker than expected retail sales data. The upside limited by 1.3694 resistance level, and to the downside there is 1.3552 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3602, with support below at 1.3552, 1.3510 and 1.3460, with resistance above at 1.3644, 1.3694, and 1.3736. Hourly Moving Averages are mixed, with the 200SMA at 1.3573 and the daily 20EMA flat at 1.3606. Hourly RSI is neutral at 51.