14 May 2014
EUR/USD shows attempts of 'comeback'
FXStreet (Moscow) - EUR/USD opened the day at 1.3702, reached 1.3722 in Asia, but retreated a bit by the moment.
CPI may be ignored
The pair reached key 1.37 support level, haven’t seen from early April, and even managed to post 1.3689 yesterday although it was not able to position below. The break below is going to be not an easy task given the large amount of interest around, and oversold nature of the pair. The scheduled for release Final CPI data from the EMU countries hardly will bring any reactions of the market, as the investors usually ignore the revised numbers. Thus, the rebound of the pair back to initial resistance level at 1.3754 is not ruled out.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3721, with support below at 1.3670, 1.3637 and 1.3586, with resistance above at 1.3754, 1.3805, and 1.3838. Hourly Moving Averages are mixed, with the 200SMA at 1.3842 and the daily 20EMA at 1.3819. Hourly RSI is bearish at 47.
CPI may be ignored
The pair reached key 1.37 support level, haven’t seen from early April, and even managed to post 1.3689 yesterday although it was not able to position below. The break below is going to be not an easy task given the large amount of interest around, and oversold nature of the pair. The scheduled for release Final CPI data from the EMU countries hardly will bring any reactions of the market, as the investors usually ignore the revised numbers. Thus, the rebound of the pair back to initial resistance level at 1.3754 is not ruled out.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3721, with support below at 1.3670, 1.3637 and 1.3586, with resistance above at 1.3754, 1.3805, and 1.3838. Hourly Moving Averages are mixed, with the 200SMA at 1.3842 and the daily 20EMA at 1.3819. Hourly RSI is bearish at 47.