26 May 2014
EUR/USD has died somewhere at 1.3624
FXStreet (Moscow) - EUR/USD continues to consolidate with light bearish bias as European players join the game; 1.3610 support is in sight
Euro popularity is waning
The pair has been sliding three days in a row, pressured by expectations of easier monetary policy from the ECB, and weaker than expected data out of some countries. Although the rebound at this stage is not ruled out, every new piece of data supporting the fears of slower than expected recovery may return selling interest again. From the technical point there is strong support level at 1.3610/00 to the downside, while the upside may be limited by 1.3630 resistance.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3635, with support below at 1.3610, 1.3590 and 1.3565, with resistance above at 1.3655, 1.3680, and 1.3700. Hourly Moving Averages are bearish, with the 200SMA at 1.3691 and the daily 20EMA at 1.3744. Hourly RSI is bearish at 32.
Euro popularity is waning
The pair has been sliding three days in a row, pressured by expectations of easier monetary policy from the ECB, and weaker than expected data out of some countries. Although the rebound at this stage is not ruled out, every new piece of data supporting the fears of slower than expected recovery may return selling interest again. From the technical point there is strong support level at 1.3610/00 to the downside, while the upside may be limited by 1.3630 resistance.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3635, with support below at 1.3610, 1.3590 and 1.3565, with resistance above at 1.3655, 1.3680, and 1.3700. Hourly Moving Averages are bearish, with the 200SMA at 1.3691 and the daily 20EMA at 1.3744. Hourly RSI is bearish at 32.