24 Apr 2014
EUR/USD shows 10-pip jogging
FXStreet (Moscow) - EUR/USD opened the day at 1.3816, and ticked higher just above 1.3620, sliding back to 1.3810 area by the moment.
Draghi may intervene… verbally
The euro will be on the move this week not only because of scheduled for release data, but also due to the levels where it stands. The pair is close to turning point which bothers the ECB, and depresses German economy, and if the data, or Draghi support the fears, the broad based sell-off is practically a done deal. Today we will see German Ifo survey and the ECB chairman speech. The latter will be of higher importance as there are chances to hear new round of verbal intervention. If Draghi succeeds in ‘talking down’ the markets, the euro will finally lose its popularity with initial target at 1.3767 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3824, with support below at 1.3792, 1.3767 and 1.3735, with resistance above at 1.3849, 1.3881, and 1.3906. Hourly Moving Averages are mixed, with the 200SMA at 1.3820 and the daily 20EMA neutral at 1.3807. Hourly RSI is bullish at 54.
Draghi may intervene… verbally
The euro will be on the move this week not only because of scheduled for release data, but also due to the levels where it stands. The pair is close to turning point which bothers the ECB, and depresses German economy, and if the data, or Draghi support the fears, the broad based sell-off is practically a done deal. Today we will see German Ifo survey and the ECB chairman speech. The latter will be of higher importance as there are chances to hear new round of verbal intervention. If Draghi succeeds in ‘talking down’ the markets, the euro will finally lose its popularity with initial target at 1.3767 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3824, with support below at 1.3792, 1.3767 and 1.3735, with resistance above at 1.3849, 1.3881, and 1.3906. Hourly Moving Averages are mixed, with the 200SMA at 1.3820 and the daily 20EMA neutral at 1.3807. Hourly RSI is bullish at 54.