14 Mar 2014
EUR/USD – the rebound is bound to be stopped
FXStreet (Moscow) - EUR/USD is still on the move down starting the day at 1.3857, reaching 1.3877 morning high and sliding to 1.3847 session low close to which it is trading now.
Euro is back again
The 1.3850 area provided a good support for the pair to rebound higher. It reached 1.3878 area, and is still on the move higher. The first significant sell orders area is rumored at 1.3890/1.39, thus the retracement under selling interest and risk aversion sentiment is not ruled out. The recently released German CPI data met the expectations, and didn’t trigger any reactions of the market as Ukrainian concerns remain the main priority for the investors. The downside is limited by 1.3819 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3893, with support below at 1.3819, 1.3769 and 1.3695, with resistance above at 1.3943, 1.4017, and 1.4067. Hourly Moving Averages are bullish, with the 200SMA at 1.3780 and the daily 20EMA at 1.3831. Hourly RSI is neutral at 36.
Euro is back again
The 1.3850 area provided a good support for the pair to rebound higher. It reached 1.3878 area, and is still on the move higher. The first significant sell orders area is rumored at 1.3890/1.39, thus the retracement under selling interest and risk aversion sentiment is not ruled out. The recently released German CPI data met the expectations, and didn’t trigger any reactions of the market as Ukrainian concerns remain the main priority for the investors. The downside is limited by 1.3819 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3893, with support below at 1.3819, 1.3769 and 1.3695, with resistance above at 1.3943, 1.4017, and 1.4067. Hourly Moving Averages are bullish, with the 200SMA at 1.3780 and the daily 20EMA at 1.3831. Hourly RSI is neutral at 36.