23 Dec 2013
EUR/USD ranges into European session
FXstreet.com (Barcelona) - Having made an overnight high at 1.3695, EUR/USD was unable to gather any upside momentum, and spent the majority of the Asia session testing its session low around 1.3667.
EUR/USD off lows ahead of German Import data
In the build up to German Import Price Index data, EUR/USD edged higher off its overnight lows at 1.3670 to trade at 1.3686, still within its daily range. MoM data came in at 2.9%, straddling -3.1%, and YoY 0.1% against forecasts of -0.2%. Elsewhere, the Swiss UBS Consumption Indicator for Nov registered at 1.43, from 1.26 previous. This mornings docket is wrapped up by Italian Consumer Confidence at 09:00 GMT, with expectations of 98.8. Matt Bacon-Hall of FXBeat notes sell orders placed through from 1.3710-30, with stops above 1.3760.
What are EUR/USD’s key levels?
Hourly RSI sits at 58, while RSI is at 15, with both neutral. The hourly 200 SMA is sloping lower at 1.3736, with the daily 20 EMA at 1.3669 and neutral. The daily pivot point is at 1.3672, and acts as next immediate support. Below, S1 at 1.3634 can be eyed, with next resistance at the psychological 1.3700, before 1.3719 (R1). On the hourly chart, a Piercing Line Candlestick pattern can also be seen.
EUR/USD off lows ahead of German Import data
In the build up to German Import Price Index data, EUR/USD edged higher off its overnight lows at 1.3670 to trade at 1.3686, still within its daily range. MoM data came in at 2.9%, straddling -3.1%, and YoY 0.1% against forecasts of -0.2%. Elsewhere, the Swiss UBS Consumption Indicator for Nov registered at 1.43, from 1.26 previous. This mornings docket is wrapped up by Italian Consumer Confidence at 09:00 GMT, with expectations of 98.8. Matt Bacon-Hall of FXBeat notes sell orders placed through from 1.3710-30, with stops above 1.3760.
What are EUR/USD’s key levels?
Hourly RSI sits at 58, while RSI is at 15, with both neutral. The hourly 200 SMA is sloping lower at 1.3736, with the daily 20 EMA at 1.3669 and neutral. The daily pivot point is at 1.3672, and acts as next immediate support. Below, S1 at 1.3634 can be eyed, with next resistance at the psychological 1.3700, before 1.3719 (R1). On the hourly chart, a Piercing Line Candlestick pattern can also be seen.