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Forex pairs in this Article » EUR/USD
EUR/USD has moved within a tight range overnight, making a high at 1.3759, and a low at 1.3742 before edging higher to where we are currently trading at 1.3756, up 0.03% on the day.

EUR/USD responds to quiet docket

This morning sees an absence of high profile economic data with Spanish CPI and EU Employment Change the only events. The US session is also quiet, with PPI scheduled, but market eyes will fall to the week ahead with the hotly anticipated FOMC, the last under Bernanke’s Chairmanship, and players will be watching for any signs or indications of upcoming tapering.

What are today’s key EUR/USD levels and patterns?

Today’s central pivot point can be found at 1.3764, with support below at 1.3725 (S1), 1.3697 (S2) and 1.3658 (S3) and resistance above at 1.3792 (R1), 1.3831 (R2) and 1.3859 (R3). Resistance above could be found between the range of 1.3757-91 where several key technical levels are clustered. On the one day chart, a Dark Cloud Cover Candlestick pattern can also be seen.
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