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Forex pairs in this Article » EUR/USD (Barcelona) - EUR/USD has edged above 1.3600 to post a daily high at 1.3621, before retracing to where spot is presently trading just above the psychological level at 1.3606.

EUR/USD eyes on Draghi speech

This morning has seen a slight decline in the French Trade Balance data, while in Italy the Deficit/GDP increased to 3% from 0.9% previous. Ahead this morning we have EU Consumer Consumer Confidence, Business Climate, and a range of other sentiment indicators before the headline event of the day in the ECB rate decision and policy statement at 12:45 and 13:30 GMT respectively. On the 4H chart we can see the 50 SMA approaching the 200 SMA, with a potential downside cross. However, on the weekly chart we see the 50 and 200 SMAs have come together and are moving in tandem with sideways movement.

What are today´s key EUR/USD levels?

Hourly RSI sits at 61, approaching overbought territory, with ADX at 26. The daily central pivot point can be found at 1.3590, just below where spot is presently trading. Support below can be found at 1.3552, (Jan 8 Low) 1.3545 (S1), 1.3524 (Dec 2-3 Lows), 1.3507 (S2), and 1.3462 (S3). Resistance above sits at 1.3628 (R1), 1.3634 (Jan8 High), 1.3655 (Jan 7 High), 1.3668 (1D 20 EMA), 1.3673 (R2), 1.3682 (1H 200 SMA), 1.3711 (R3)
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