29 Apr 2014
EUR/USD is crawling up awaiting German CPI
FXStreet (Moscow) - EUR/USD opened the day at 1.3851, and spent the morning drifting higher; it trades above 1.3860 area by the moment.
German CPI will tell the direction
Monday showed interesting developments - the euro stopped being the riskier asset between the two in the pair with USD. The rising tensions in Ukraine didn't trigger mass sell-off of the single currency. On the contrary, it helped the euro to rise to 3,5-week highs, and the pair is ready to go higher if only the German CPI numbers surprise to the upside. The chances are quite low though given the rising energy prices and stromg euro, thus, the retreat to initial support at 1.3817 is not ruled out.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3848, with support below at 1.3817, 1.3782 and 1.3751, with resistance above at 1.3883, 1.3914, and 1.3949. Hourly Moving Averages are bullish, with the 200SMA at 1.3824 and the daily 20EMA flat at 1.3816. Hourly RSI is bullish at 53.
German CPI will tell the direction
Monday showed interesting developments - the euro stopped being the riskier asset between the two in the pair with USD. The rising tensions in Ukraine didn't trigger mass sell-off of the single currency. On the contrary, it helped the euro to rise to 3,5-week highs, and the pair is ready to go higher if only the German CPI numbers surprise to the upside. The chances are quite low though given the rising energy prices and stromg euro, thus, the retreat to initial support at 1.3817 is not ruled out.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3848, with support below at 1.3817, 1.3782 and 1.3751, with resistance above at 1.3883, 1.3914, and 1.3949. Hourly Moving Averages are bullish, with the 200SMA at 1.3824 and the daily 20EMA flat at 1.3816. Hourly RSI is bullish at 53.