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22 Apr 2014
EUR/USD is in no hurry to go too far from 1.3800
FXStreet (Moscow) - EUR/USD returned to the opening level of 1.3795 after moving to Asian low of 1.3788.
Where is a point of no return for EUR?
EUR/USD ended Monday below the key level of 1.3800 on the back of USD strengthening against most major currencies, but the trading activity is still subdued. European economic calendar is rather light today as we have only construction output report and consumer confidence data. The latest might bring some excitement to the markets, if it differs substantially from the expectations (consensus is -9 in April against -9.3 in March). Later during US session keep an eye on existing home sales and listen to former FED Chairman Bernanke comments, as good news and positive comments will support the USD demand. From the technical point of view mind minor stops at 1.3805 on the upside and take note of strong demand at 1.3780 on the downside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3803, with support below at 1.1.3776, 1.384and 1.3731, with resistance above at 1.3821, 1.3848, and 1.3866. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.3834 and the daily 20EMA neutral at 1.3806. Hourly RSI is bearish at 36.
Where is a point of no return for EUR?
EUR/USD ended Monday below the key level of 1.3800 on the back of USD strengthening against most major currencies, but the trading activity is still subdued. European economic calendar is rather light today as we have only construction output report and consumer confidence data. The latest might bring some excitement to the markets, if it differs substantially from the expectations (consensus is -9 in April against -9.3 in March). Later during US session keep an eye on existing home sales and listen to former FED Chairman Bernanke comments, as good news and positive comments will support the USD demand. From the technical point of view mind minor stops at 1.3805 on the upside and take note of strong demand at 1.3780 on the downside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3803, with support below at 1.1.3776, 1.384and 1.3731, with resistance above at 1.3821, 1.3848, and 1.3866. Hourly Moving Averages are mostly bearish, with the 200SMA at 1.3834 and the daily 20EMA neutral at 1.3806. Hourly RSI is bearish at 36.