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Forex pairs in this Article » EUR/USD (Barcelona) - Having moved in an extremely tight range overnight between 1.3619-1.3608, EUR/USD has pushed below the 1.3600 mark to make a morning low at 1.3595.

EUR/USD almost misses morning alarm

After a long session trading within an extremely tight range, EUR/USD pushed its head below the psychological 1.3600 level. Over the past few days, 1.3580-84 has provided tough support on three occasions, so this should be the main area to watch this morning. Traders may find a touch of nervousness in the air this morning with the German Constitutional Court set to pass judgement on the constitutional legality of the ECB´s Outright Monetary Transactions (OMT) policy. Elsewhere today, EZ Construction Output, US Building Permits, Housing Starts, Industrial Production and the Michigan Sentiment Index follow in what is a light weight docket to finish the week on.

What are today´s key EUR/USD levels?

Hourly RSI sits at 43 and ranging, with ADX at 11. The daily pivot sits at 1.3618, just below the overnight high, providing resistance. Support below can be seen at 1.3585 (S1), 1.3560-50 (Light bids), 1.3551 (S2), 1.3545 (Sell stops commence), 1.3530-20 (Corporate and leveraged bids), & 1.3518 (S3). Resistance above can be found at firstly the daily pivot at 1.3618, 1.3650-60 (Asian Reserve Manager Offers), 1.3652 (R1), 1.3667 (21D MA), 1.3685 (R2), 1.3690-3700 (Corporate and Prop offers), 1.3710 (Buy Stops), 1.3719 (R3), 1.3720-30 (Leveraged Account offers), 1.3750-60 (Corporate and prop offers), & 1.3790-10 (Corporate and option selling interest).
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