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30 May 2014
EUR/USD is not ready to leave 1.36
FXStreet (Moscow) - EUR/USD is still somewhere around 1.36, trading at 1.3610 at the moment.
Just ignore it
The just released Italian PPI numbers only confirmed the declining price pressure in the region with -0.3% m/m vs -0.2% previously. Nevertheless, the pair ignored this piece of data as well coming closer to upper range of Thursday moves. No economic data from the EMU left, thus, the moves may be dominated by technical factors and market sentiment. The sellers’ interest is noted around 1.3625 area with more around 1.3640, thus, the turnaround back to 1.36 is not ruled out whenever the pair comes closer the mentioned levels.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3605, with support below at 1.3582, 1.3563 and 1.3540, with resistance above at 1.3624, 1.3647, and 1.3666. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.3650 and the daily 20EMA at 1.3702. Hourly RSI is bearish at 48.
Just ignore it
The just released Italian PPI numbers only confirmed the declining price pressure in the region with -0.3% m/m vs -0.2% previously. Nevertheless, the pair ignored this piece of data as well coming closer to upper range of Thursday moves. No economic data from the EMU left, thus, the moves may be dominated by technical factors and market sentiment. The sellers’ interest is noted around 1.3625 area with more around 1.3640, thus, the turnaround back to 1.36 is not ruled out whenever the pair comes closer the mentioned levels.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3605, with support below at 1.3582, 1.3563 and 1.3540, with resistance above at 1.3624, 1.3647, and 1.3666. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.3650 and the daily 20EMA at 1.3702. Hourly RSI is bearish at 48.