2 May 2014
EUR/USD is scared of heights around 1.39
FXStreet (Moscow) - EUR/USD opened the day at 1.3868, treaded some water in Asia, and is on the move lower right now reaching 1,3855 area.
Fix you profit and relax
In Europe we will get Final Manufacturing PMI data today, and although the numbers from this sector is highly important for understanding the current economic environment, the revised readings is usually ignored by the market. Most probably the investors will focus on the US Non-Farm Payrolls data as the key catalysts for today. Besides, pay attention to the profit-fixing flows before weekend that may pressure the pair down with initial target at 1.3831.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3874, with support below at 1.3858, 1.3847 and 1.3831, with resistance above at 1.3885, 1.3901, and 1.3912. Hourly Moving Averages are mixed, with the 200SMA at 1.3834 and the daily 20EMA at 1.3825. Hourly RSI is bearish at 41.
Fix you profit and relax
In Europe we will get Final Manufacturing PMI data today, and although the numbers from this sector is highly important for understanding the current economic environment, the revised readings is usually ignored by the market. Most probably the investors will focus on the US Non-Farm Payrolls data as the key catalysts for today. Besides, pay attention to the profit-fixing flows before weekend that may pressure the pair down with initial target at 1.3831.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3874, with support below at 1.3858, 1.3847 and 1.3831, with resistance above at 1.3885, 1.3901, and 1.3912. Hourly Moving Averages are mixed, with the 200SMA at 1.3834 and the daily 20EMA at 1.3825. Hourly RSI is bearish at 41.