Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - Having declined to post an overnight low at 1.3506, EUR/USD has climbed into the European open, to where it is presently trading at 1.3551.

EUR/USD uninspired by European docket

German PPI has beaten expectations this mornings for both MoM and YoY data. Ahead Italian Industrial Orders and Sales fall at 09:00 GMT, thus completing todays barren calendar. Overnight EUR/USD dipped to find support above the psychological 1.3500 level, making a low at 1.3506, before Chinese Q4 YoY GDP beat expectations at 7.7%, provoking an uptick in price movement.

What are today´s key EUR/USD levels?

Hourly RSI sits at 40, and neutral, with RSI at 31. The daily pivot point can be found at 1.3555, just above where spot is trading now. Support below can be found at 1.3510-00 (Model & Option nids), 1.3488 (S1), 1.3460-50 (Corp and leveraged account bids), 1.3448 (S2), 1.3420-00 ((Various bids), 1.3381 (S3), with resistance above at 1.3570 (Prop offers), 1.3595 (R1), 1.3600-10 (Small Corp offers), 1.3630 (Buy stops commence), 1.3640-50 (Prop offers), 1.3660 (Buy stops), 1.3662 (R2), 1.3702 (R3).
comments powered by Disqus