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28 Jan 2014
EUR/USD - I’ve got to break free
FXstreet.com (Moscow) - EUR/USD again was sleeping during the whole Asian session sticking to 1,3680 level.
EUR stays connected to 1.37
Euro stays connected to 1.37, as there is huge desire to grow, but there is even bigger fear that Bernanke and Co will go for another $10 bln reduction. This is the main reason the pair was not able to nest above 1.37 on better than expected German IFO data. Today we won’t see much on fundamental front, but a number of officials is scheduled to speak. If they sound as positive, as Draghi during his speech in Davos, the pair will get another catalyst to move to 1.3709 resistance level followed by 1.3746.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3681, with support below at 1.3644, 1.3616 and 1.3579, with resistance above at 1.3709, 1.3746, and 1.3774. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3605 and the daily 20EMA bullish at 1.3637. Hourly RSI is neutral at 49.
EUR stays connected to 1.37
Euro stays connected to 1.37, as there is huge desire to grow, but there is even bigger fear that Bernanke and Co will go for another $10 bln reduction. This is the main reason the pair was not able to nest above 1.37 on better than expected German IFO data. Today we won’t see much on fundamental front, but a number of officials is scheduled to speak. If they sound as positive, as Draghi during his speech in Davos, the pair will get another catalyst to move to 1.3709 resistance level followed by 1.3746.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3681, with support below at 1.3644, 1.3616 and 1.3579, with resistance above at 1.3709, 1.3746, and 1.3774. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3605 and the daily 20EMA bullish at 1.3637. Hourly RSI is neutral at 49.