20 Jan 2014
EUR/USD is sleeping in Asia at 1.3530
FXstreet.com (Moscow) - ">EUR/USD came under little pressure in the morning but bounced back before Tokyo lunch, trading at 1.3529 at the moment.
German inflation may be of interest
Although the Asian moves were limited, we expect more volatile European session. The week ahead is bound to be very interesting for currency markets, and euro zone calendar may trigger sharp moves of EUR. Today we will see only German PPI for December, which may be quite important as a leading indicator of price pressure in EMU region. The analysts forecast the rise of the index, and if so, it may give some support to EUR/USD. The initial target may be at 1.3595 resistance level after 1.3555 intermediate barrier is broken.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3555, with support below at 1.3488 (S1), 1.3448 (S2) and 1.3381(S3), with resistance above at 1.3595 (R1), 1.3662 (R2), and 1.3702 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 1.3619 and the daily 20EMA bearish at 1.3643. Hourly RSI is neutral at 32.
German inflation may be of interest
Although the Asian moves were limited, we expect more volatile European session. The week ahead is bound to be very interesting for currency markets, and euro zone calendar may trigger sharp moves of EUR. Today we will see only German PPI for December, which may be quite important as a leading indicator of price pressure in EMU region. The analysts forecast the rise of the index, and if so, it may give some support to EUR/USD. The initial target may be at 1.3595 resistance level after 1.3555 intermediate barrier is broken.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3555, with support below at 1.3488 (S1), 1.3448 (S2) and 1.3381(S3), with resistance above at 1.3595 (R1), 1.3662 (R2), and 1.3702 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 1.3619 and the daily 20EMA bearish at 1.3643. Hourly RSI is neutral at 32.