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17 Feb 2014
EUR/USD is camping around 1.37 area
FXStreet (Moscow) - EUR/USD showed another attempt to position above 1.37 round level, and it looks like it succeeded trading at 1.3714 by the moment.
Green light for the Euro fight
EUR/USD made several attempts to break above 1.37 round number on Friday, but failed leaving the market with hopes that everything may happen this week. It looks like the pair is poised for further rise. The scheduled for release PMI numbers may become that very catalyst of the moves on the background of weaker than expected retail and labor numbers from the USA, and evidence of the accelerated EMU GDP growth in the fourth quarter. Once 1.37 is finally broken it may pave the way up to 1.3760 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3696, with support below at 1.3676, 1.3654 and 1.3634, with resistance above at 1.3718, 1.3738, and 1.3760. Hourly Moving Averages are bullish, with the 200SMA at 1.3612 and the daily 20EMA bullish at 1.3621. Hourly RSI is neutral at 59.
Green light for the Euro fight
EUR/USD made several attempts to break above 1.37 round number on Friday, but failed leaving the market with hopes that everything may happen this week. It looks like the pair is poised for further rise. The scheduled for release PMI numbers may become that very catalyst of the moves on the background of weaker than expected retail and labor numbers from the USA, and evidence of the accelerated EMU GDP growth in the fourth quarter. Once 1.37 is finally broken it may pave the way up to 1.3760 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3696, with support below at 1.3676, 1.3654 and 1.3634, with resistance above at 1.3718, 1.3738, and 1.3760. Hourly Moving Averages are bullish, with the 200SMA at 1.3612 and the daily 20EMA bullish at 1.3621. Hourly RSI is neutral at 59.