8 Apr 2014
EUR/USD loves to be strong; 1.3780 in sight
FXStreet (Moscow) - EUR/USD settled below the next important resistance of 1.3775/80, getting ready for a new assault
EUR/USD is a star today
EUR/USD cooked up an escape plot as it sat in its 5-pip range in Asian. And the plan was a success as the pair broke above 1.3745 resistance level and spiked to current European high at 1.3772. Traders that hoped for more easing from ECB are deeply disappointed and they close short positions opened in anticipation of the ECB monetary policy decision. As a result, euro is growing to much regret of European officials and German exporters. However, partially the EUR/USD upside is supported by US Dollar weakening across the board. IMF global economic forecasts released later today might provide some more food for thought. So far the upside is capped by Asian offers at 1.3775/80. The support is seen at 1.3750.
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 ьщыедн bullish, with the 200SMA at 1.3756 and the daily 20EMA bearish at 1.3776. Hourly RSI is bullish at 67.
EUR/USD is a star today
EUR/USD cooked up an escape plot as it sat in its 5-pip range in Asian. And the plan was a success as the pair broke above 1.3745 resistance level and spiked to current European high at 1.3772. Traders that hoped for more easing from ECB are deeply disappointed and they close short positions opened in anticipation of the ECB monetary policy decision. As a result, euro is growing to much regret of European officials and German exporters. However, partially the EUR/USD upside is supported by US Dollar weakening across the board. IMF global economic forecasts released later today might provide some more food for thought. So far the upside is capped by Asian offers at 1.3775/80. The support is seen at 1.3750.
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 ьщыедн bullish, with the 200SMA at 1.3756 and the daily 20EMA bearish at 1.3776. Hourly RSI is bullish at 67.