Filed Under:
Forex pairs in this Article » EUR/USD
FXStreet (Guatemala) - EUR/USD has drifted towards solid territory ahead of 1.3510.

EUR/USD has 1.3515 to tackle before it is free to challenge the 1.35010 and the 1.35 handle to the downside. EUR/JPY has been holding the pair up on risk aversion when it was attempting the upside and it appears that the Asian market recognizes the interest rate differentials looking ahead between the EZ and the US. Meanwhile, from the calendar today, European and US markets reported as follows; Italian January Markit PMI 53.10 versus expected 53.50, French January Markit PMI 49.30 versus 48.80 expected. German final January manufacturing PMI read 56.60 while the EZ area’s January Markit PMI read 54.00 versus median forecast 53.90. From the US, first, we had US Markit PMI where markets were expecting 53.9. The figure came in at 53.7 in January from 55.0 in December with little market reaction there. Then the US ISM Manufacturing PMI is down to 51.3 in January from 57 in December.

EUR/USD Levels

The 20 DMA is 1.3614, the 50 DMA is 1.3648 and the 200 DMA is 1.3373. RSI (14) reads 41.72. Supports are ascending from 1.3390, 1.3417, 1.3436, 1.3452 and 1.3486 and 1.3410/15. Spot is 1.3515 while resistance is currently 1.3589,1.3603 and 1.3616.
comments powered by Disqus