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22 May 2014
EUR/USD recovered from Asian low, 1.3680 resistance is in sight
FXStreet (Moscow) - EUR/USD found support at 1.3661 and recovered to current levels of 1.3677 ahead of a bunch of EZ economic reports
Finally, the euro’ve got it!
Yesterday, the pair again became a hostage of scarce economic data from the EMU, and positive British events. The euro broke below 1.37 support level, and this time was not able to move back above. Nevertheless, there are some chances to see a rebound today, as we finally get interesting reports from the euro zone. Scheduled for release Flash Manufacturing PMI’s out of different countries of the region may show the current trend in the economy. The market needs to get really good data in order to believe in the single currency again. The initial target to the upside may be at 1.3680 resistance level, while the first support level comes at 1.3660/55 and followed by 1.3636.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3682, with support below at 1.3639, 1.3592 and 1.3549, with resistance above at 1.3729, 1.3777, and 1.3819. Hourly Moving Averages are bearish, with the 200SMA at 1.3715 and the daily 20EMA at 1.3766. Hourly RSI is bearish at 42.
Finally, the euro’ve got it!
Yesterday, the pair again became a hostage of scarce economic data from the EMU, and positive British events. The euro broke below 1.37 support level, and this time was not able to move back above. Nevertheless, there are some chances to see a rebound today, as we finally get interesting reports from the euro zone. Scheduled for release Flash Manufacturing PMI’s out of different countries of the region may show the current trend in the economy. The market needs to get really good data in order to believe in the single currency again. The initial target to the upside may be at 1.3680 resistance level, while the first support level comes at 1.3660/55 and followed by 1.3636.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3682, with support below at 1.3639, 1.3592 and 1.3549, with resistance above at 1.3729, 1.3777, and 1.3819. Hourly Moving Averages are bearish, with the 200SMA at 1.3715 and the daily 20EMA at 1.3766. Hourly RSI is bearish at 42.