4 Dec 2013
EUR/USD moving in on the 1.36 handle
FXstreet.com (London) - EUR/USD is opening in Asian markets on the bid and is moving in on the 1.36 handle again where the pair has been oscillating for the most part of the European and US sessions.
European equities didn’t help the euro from the off but it has climbed back from sub 1.3530 and has remained bid until it breached into a high of 1.3615 despite poor PPI’s. The week ahead will pick up with a bout of US data ahead of the holiday season and a last chance for traders to take a view before we start to really get a better clue for when the tapering will actually commence.
EUR/USD Levels
The 20 DMA is 1.3499, the 50 DMA is 1.3564 and the 200 DMA is 1.3229. RSI (14) levels 61.80. Supports are ascending from 1.3463, 1.3490, 1.3509, 1.3521, 1.3536, 1.3561 and 1.3578. Spot is 1.3588 with key resistances coming in at 1.3622 and 1.3688.
European equities didn’t help the euro from the off but it has climbed back from sub 1.3530 and has remained bid until it breached into a high of 1.3615 despite poor PPI’s. The week ahead will pick up with a bout of US data ahead of the holiday season and a last chance for traders to take a view before we start to really get a better clue for when the tapering will actually commence.
EUR/USD Levels
The 20 DMA is 1.3499, the 50 DMA is 1.3564 and the 200 DMA is 1.3229. RSI (14) levels 61.80. Supports are ascending from 1.3463, 1.3490, 1.3509, 1.3521, 1.3536, 1.3561 and 1.3578. Spot is 1.3588 with key resistances coming in at 1.3622 and 1.3688.