9 May 2014
EUR/USD is coming closer to 1.38 support area
FXStreet (Moscow) - EUR/USD is trading at 1.3815, down -0.17% on the day, having posted a daily high at 1.3845 and low at 1.3814.
New lows in store
The pair shows timid downside move coming closer to 1.38 support level. Absence of economic data creates the favorable environment for moderate sell-off of the pair by those who missed yesterday’s Draghi speech. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 27.95, up from 26.62 at the last hour close, while ADX is ranging at 22.36, up from 21.82 previous. Meanwhile, daily RSI is in neutral territory at 50.25. On the hourly EUR/USD chart, the 200 SMA is climbing and currently at 1.3892, up from the previous hour close at 1.3875.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3889, with support below at 1.3783, 1.3727 and 1.3621, with resistance above at 1.3945, 1.4051, and 1.4107. Hourly Moving Averages are bearish, with the 200SMA at 1.3875 and the daily 20EMA flat at 1.3848. Hourly RSI is bearish at 30.
New lows in store
The pair shows timid downside move coming closer to 1.38 support level. Absence of economic data creates the favorable environment for moderate sell-off of the pair by those who missed yesterday’s Draghi speech. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 27.95, up from 26.62 at the last hour close, while ADX is ranging at 22.36, up from 21.82 previous. Meanwhile, daily RSI is in neutral territory at 50.25. On the hourly EUR/USD chart, the 200 SMA is climbing and currently at 1.3892, up from the previous hour close at 1.3875.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3889, with support below at 1.3783, 1.3727 and 1.3621, with resistance above at 1.3945, 1.4051, and 1.4107. Hourly Moving Averages are bearish, with the 200SMA at 1.3875 and the daily 20EMA flat at 1.3848. Hourly RSI is bearish at 30.