Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - EUR/USD started the week by climbing overnight, top post a high at 1.3762 before edging lower and ranging into the European session to where it is presently trading at 1.3758.

EUR/USD looks to PMIs to start the weekly docket

This morning sees range of European PMI’s, starting with French at 07:58 GMT, and continuing at 08:58 GMT with German and EU data. Italian and EU Trade Balance data follow at 09:00 and 10:00 GMT respectively. Danske Bank strategists are expecting the data to reveal a continuing recovery in the regions economies. Later today, ECB President Draghi speaks at 14:00 GMT.

What are today’s key EUR/USD levels?

Today’s central pivot point sits at 1.3738, with support below at 1.3707 (S1), 1.3676 (S2) and 1.3645 (S3), and resistance above at 1.3769 (R1), 1.3800 (R2) and 1.3831 (R3). Matt Bacon-Hall of FXBeat sees resistance above at “1.3840 Buy stops commence for momentum accounts, 1.3820 Buy stops for leveraged accounts commence, & 1.3770-80 Prop account offers”, and support below at “1.3690-00 Corporate bids, 1.3680 Sell stops commence, 1.3620-30 Macro and option bids.” Technical resistance could also be found between the range 1.3759-93 where several levels are clustered.
comments powered by Disqus