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Forex pairs in this Article » EUR/USD (Barcelona) - Having climbed to post a morning high at 1.3784, EUR/USD declined in the build up to today’ s headline European data, before edging higher on a better than expected ZEW readings.

EUR/USD higher following mixed data

Eurozone CPI registered in line MoM, but missed expectations for Core YoY. CPI YoY registered in line at 0.9%. The EZ Economic Sentiment ZEW survey came in at 68.3 from 60.2 previous, while the German equivalent beat forecasts at 62/55. The German ZEW current situation came in at 32.4 against forecasts of 30. EUR/USD is presently trading at 1.3770.

What are today’s key EUR/USD technicals?

Hourly RSI sits at 54, with ADX at 11. The hourly 200 SMA sits at 1.3728, sloping higher, with the daily 20 EMA at 1.3656 and climbing too. Matt Bacon-Hall of FXBeat sees upcoming resistance at 1.3800 where buy stops commence before 1.3820 -30 with leveraged account offers, the 1.3832 October 25th high and ABC correction.
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