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Forex pairs in this Article » EUR/USD
FXStreet (Moscow) - EUR/USD is still in good mood showing the attempts to continue the rise in the morning, though 1.3770 is not easy to break.

FOMC minutes on tap

EUR/USD had a positive session, gaining a little ground on the day though within a small range and seeing selling each time it approached 1.3770. The fact that the worse than expected German ZEW economic sentiment was not able to stop the euro rally is another argument in favor of further rise of the pair. The barren EMU economic calendar may focus the market attention on American session, when a series of housing data as well as the last FOMC meeting minutes are scheduled for release. The recent series of weaker than expected economic numbers raise the doubts about the further tapering validation. If the FOMC members will be as optimistic about economic outlook as earlier negating any effects from recent EM markets turmoil, it may limit the rally of the pair, triggering some correction with initial target at 1.3711 support level.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.3741, with support below at 1.3711, 1.3664 and 1.3634, with resistance above at 1.3788, 1.3818, and 1.3865. Hourly Moving Averages are bullish, with the 200SMA at 1.3660 and the daily 20EMA bullish at 1.3641. Hourly RSI is neutral at 73.
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