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11 Mar 2014
EUR/USD has no claustrophobia – 20-pip range in place
FXStreet (Moscow) - ">EUR/USD tried to fall below 1.3850 area, but failed, and rebounded to 1.3860 at the moment.
Nothing of interest except Crimea syndrome
Now when we know that German Trade Balance data disappointed the markets printing proficit bbelow expectations, we have only one hope for the revised GDP numbers for Italy and Portugal. Very weak hope though. Most probably the market will have no reaction on any European news, as the investors stay focused on Crimea developments, and this factor will keep the upside move for the pair limited. The pair slid to 1.3847 session low in Europe, but rebounded to 1.3860 at the moment as mild buyers’ demand is noted around 1.3840 area. The upside is limited by 1.3880 where sellers’ interest is rumored.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3879, with support below at 1.3860, 1.3842 and 1.3823, with resistance above at 1.3897, 1.3916, and 1.3934. Hourly Moving Averages are bullish, with the 200SMA at 1.3773 and the daily 20EMA bullish at 1.3746. Hourly RSI is neutral at 42.
Nothing of interest except Crimea syndrome
Now when we know that German Trade Balance data disappointed the markets printing proficit bbelow expectations, we have only one hope for the revised GDP numbers for Italy and Portugal. Very weak hope though. Most probably the market will have no reaction on any European news, as the investors stay focused on Crimea developments, and this factor will keep the upside move for the pair limited. The pair slid to 1.3847 session low in Europe, but rebounded to 1.3860 at the moment as mild buyers’ demand is noted around 1.3840 area. The upside is limited by 1.3880 where sellers’ interest is rumored.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3879, with support below at 1.3860, 1.3842 and 1.3823, with resistance above at 1.3897, 1.3916, and 1.3934. Hourly Moving Averages are bullish, with the 200SMA at 1.3773 and the daily 20EMA bullish at 1.3746. Hourly RSI is neutral at 42.