8 Apr 2014
EUR/USD is deadly silent around 1.3745
FXStreet (Moscow) - EUR/USD spent the morning in 5-pip range, and even the Europe opening didn’t make him move.
Torn into pieces
The rumors on the ECB readiness for QE and other untraditional tools of monetary stimulus still may pressure the euro, though yesterday’s comments from Nowotny somewhat confused the market, as he admitted the possibility of such measures, but hinted we shouldn’t expect it in the foreseeable future. Given the empty calendar for today, the market will continue to be torn into pieces by this two contradictory factors, thus we don’t rule out short-term sharp spikes and plunges during the day. The downside is limited by 1.3707 support level, and we may see initial target at 1.3762 to the upside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3729, with support below at 1.3707, 1.3674 and 1.3652, with resistance above at 1.3762, 1.3784, and 1.3817. Hourly Moving Averages are mixed, with the 200SMA at 1.3755 and the daily 20EMA bearish at 1.3776. Hourly RSI is neutral at 63.
Torn into pieces
The rumors on the ECB readiness for QE and other untraditional tools of monetary stimulus still may pressure the euro, though yesterday’s comments from Nowotny somewhat confused the market, as he admitted the possibility of such measures, but hinted we shouldn’t expect it in the foreseeable future. Given the empty calendar for today, the market will continue to be torn into pieces by this two contradictory factors, thus we don’t rule out short-term sharp spikes and plunges during the day. The downside is limited by 1.3707 support level, and we may see initial target at 1.3762 to the upside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3729, with support below at 1.3707, 1.3674 and 1.3652, with resistance above at 1.3762, 1.3784, and 1.3817. Hourly Moving Averages are mixed, with the 200SMA at 1.3755 and the daily 20EMA bearish at 1.3776. Hourly RSI is neutral at 63.