3 Jan 2014
EUR/USD ranges into European open
FXstreet.com (Barcelona) - Following yesterday’s decline to post a low at 1.3628, EUR/USD has ranged through the overnight session, finding support at the 4H 200 SMA, but has presently moved lower and trading at 1.3636.
EUR/USD unmoved by European docket
With Japan on holiday, and Chinese Non-manufacturing PMI (Dec) a miss at 54.6/56, EUR/USD was unaffected overnight, content to range between 1.3650-70, finding support on the 4H 200 SMA. This morning has seen Spanish HICP (YoY) miss forecasts at 0.3%/0.4%, but Unemployment Change improve by -107.6K versus forecasts of 24.3k. Later this morning we have EZ M3 Money Supply and Private Loans data, before this evening where we have a speak by Ben Bernanke at 19:30 GMT.
What are today’s key EUR/USD levels?
Today’s central pivot point can be found at 34 with ADX at 20. The FXstreet.com proprietary tools, the OB/OS Index and the Trend Index are neutral and slightly bearish respectively. The hourly 200 SMA providing resistance above 1.3700 and is neutral, with the 20D EMA at 1.3700 and neutral too. The daily pivot point sits at 1.3689 which now offers resistance, with next PP support at S1 at 1.3600. Spot is finding immediate support at yesterday’s low of 1.3628, before the December 20 low at 1.3624.
EUR/USD unmoved by European docket
With Japan on holiday, and Chinese Non-manufacturing PMI (Dec) a miss at 54.6/56, EUR/USD was unaffected overnight, content to range between 1.3650-70, finding support on the 4H 200 SMA. This morning has seen Spanish HICP (YoY) miss forecasts at 0.3%/0.4%, but Unemployment Change improve by -107.6K versus forecasts of 24.3k. Later this morning we have EZ M3 Money Supply and Private Loans data, before this evening where we have a speak by Ben Bernanke at 19:30 GMT.
What are today’s key EUR/USD levels?
Today’s central pivot point can be found at 34 with ADX at 20. The FXstreet.com proprietary tools, the OB/OS Index and the Trend Index are neutral and slightly bearish respectively. The hourly 200 SMA providing resistance above 1.3700 and is neutral, with the 20D EMA at 1.3700 and neutral too. The daily pivot point sits at 1.3689 which now offers resistance, with next PP support at S1 at 1.3600. Spot is finding immediate support at yesterday’s low of 1.3628, before the December 20 low at 1.3624.