23 Jun 2014
EUR/USD glued to 1.36 ahead of Europe
FXStreet (Bali) - EUR/USD is trading at 1.3605, up 0.04% on the day, having posted a daily high at 1.3611 and low at 1.3586, ahead of the French, German and Eurozone PMI's, due to be published between 7 and 8 GMT, events that should create some early volatility in the pair.
The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. RSI is neutral at 63.44, up from 55.48 at the last hour close, while ADX is trending at 31.77, up from 18.97 previous. Meanwhile, daily RSI is in neutral territory at 45.99. On the hourly EUR/USD chart, the 200 SMA is climbing and currently at 1.3606, up from the previous hour close at 1.3564.
We can see next resistance ahead at 1.3607 (Weekly High), 1.3608 (Daily 20 SMA), 1.3611 (Daily High), 1.3635(Yesterday's High) and 1.3636 (Daily Classic R1). Support below can be found at 1.3599 (Daily Classic PP), 1.3597 (Hourly 20 EMA), 1.3590 (Daily Open), 1.3586 (Daily Low) and 1.3585(Weekly Classic PP).
The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. RSI is neutral at 63.44, up from 55.48 at the last hour close, while ADX is trending at 31.77, up from 18.97 previous. Meanwhile, daily RSI is in neutral territory at 45.99. On the hourly EUR/USD chart, the 200 SMA is climbing and currently at 1.3606, up from the previous hour close at 1.3564.
We can see next resistance ahead at 1.3607 (Weekly High), 1.3608 (Daily 20 SMA), 1.3611 (Daily High), 1.3635(Yesterday's High) and 1.3636 (Daily Classic R1). Support below can be found at 1.3599 (Daily Classic PP), 1.3597 (Hourly 20 EMA), 1.3590 (Daily Open), 1.3586 (Daily Low) and 1.3585(Weekly Classic PP).