15 Jul 2014
EUR/USD is trembling before the ZEW report
FXStreet (Moscow) - EUR/USD opened the day at 1.3618, rose to 1.3626 in order to slid to 1.3610 area.
ZEW report may help
Although the pair had to give up all the gains it gathered during the Monday’s European session, it still has the opportunity to recover again. Yesterday there were talks of PBOC buying single currency in order to diversify its reserves, and if it’s close to reality, another move higher is not ruled out again. Besides, German ZEW report is scheduled for release, and strong numbers are expected. In case the data meets or exceeds expectations, it may support the pair with initial target at 1.3641 resistance.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3619, with support below at 1.3597, 1.3575 and 1.3553, with resistance above at 1.3641, 1.3663, and 1.3685. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3614 and the daily 20EMA flat at 1.3621. Hourly RSI is bullish at 51.
ZEW report may help
Although the pair had to give up all the gains it gathered during the Monday’s European session, it still has the opportunity to recover again. Yesterday there were talks of PBOC buying single currency in order to diversify its reserves, and if it’s close to reality, another move higher is not ruled out again. Besides, German ZEW report is scheduled for release, and strong numbers are expected. In case the data meets or exceeds expectations, it may support the pair with initial target at 1.3641 resistance.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3619, with support below at 1.3597, 1.3575 and 1.3553, with resistance above at 1.3641, 1.3663, and 1.3685. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3614 and the daily 20EMA flat at 1.3621. Hourly RSI is bullish at 51.