23 Jan 2014
EUR/USD took a pause before new portion of the EMU data
FXstreet.com (Moscow) - EUR/USD is tied to 1.3546 open level where it still is trading at the moment, and waiting for European PMI data.
EUR focuses on the national data
The pair made timid attempts in the morning to slide to the nearest support level at 1.3526, but the move was of short-term nature. At last, we are going to get interesting data from EMU today. The series of higher lows says EUR/USD is in slight uptrend, and it starves for positive catalysts to break above 1.36 round level. The scheduled for release regional PMI reports may fuel the rally provided we see better than expected data. The most important will be the Manufacturing index from Germany given the background of recent ZEW disappointment. The level above forecasted 54.7 triggers the rise to 1.3576 resistance level followed by 1.3605.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3555, with support below at 1.3526, 1.3505 and 1.3476, with resistance above at 1.3576, 1.3605, and 1.3626. Hourly Moving Averages are bearish, with the 200SMA at 1.3602 and the daily 20EMA bearish at 1.3621. Hourly RSI is neutral at 45.
EUR focuses on the national data
The pair made timid attempts in the morning to slide to the nearest support level at 1.3526, but the move was of short-term nature. At last, we are going to get interesting data from EMU today. The series of higher lows says EUR/USD is in slight uptrend, and it starves for positive catalysts to break above 1.36 round level. The scheduled for release regional PMI reports may fuel the rally provided we see better than expected data. The most important will be the Manufacturing index from Germany given the background of recent ZEW disappointment. The level above forecasted 54.7 triggers the rise to 1.3576 resistance level followed by 1.3605.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3555, with support below at 1.3526, 1.3505 and 1.3476, with resistance above at 1.3576, 1.3605, and 1.3626. Hourly Moving Averages are bearish, with the 200SMA at 1.3602 and the daily 20EMA bearish at 1.3621. Hourly RSI is neutral at 45.