24 Jan 2014
EUR/USD curbed by key resistance
FXstreet.com (Guatemala) - Asia is being kinder to the dollar through the EUR that has rallied through the resistance in the upper 1.35’s in European trade.
The firmer PMI and Eurozone current account data revealed strong portfolio and direct investment inflows in the month of EUR40.9bn. Strategists at TD Securities explained that they were looking for resistance at 1.3665/85 into the end of the week but suggested that gains through here may see 1.3750 again.
EUR/USD Levels
The 20 DMA is 1.3639, the 50 DMA is 1.3628 and the 200 DMA is 1.3352. RSI (14) reads 36.61. Spot is 1.3685. Supports are ascending from 1.3543, 1.3556, 1.3586 1.3598 and 1.3624. while key resistance is 1.3685 towards 1.3750.
The firmer PMI and Eurozone current account data revealed strong portfolio and direct investment inflows in the month of EUR40.9bn. Strategists at TD Securities explained that they were looking for resistance at 1.3665/85 into the end of the week but suggested that gains through here may see 1.3750 again.
EUR/USD Levels
The 20 DMA is 1.3639, the 50 DMA is 1.3628 and the 200 DMA is 1.3352. RSI (14) reads 36.61. Spot is 1.3685. Supports are ascending from 1.3543, 1.3556, 1.3586 1.3598 and 1.3624. while key resistance is 1.3685 towards 1.3750.