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Forex pairs in this Article » EUR/USD (Moscow) - EUR/USD was trying hard to capture the 1.3690/1.37 resistance area, but its attempts to break the round number barrier have failed, and sent the pair to 1.3633 at the moment.

EUR/USD still has the opportunity to come back to 1.37

The pair is confined to narrow 60-pip range from the beginning of the week, not able to find strong another catalyst to break one of the limits. German real GDP growth is the key event of the European session, and it’s widely expected to slow down to 0.5%. Most probably the release will be largely ignored by the market, but there is a little chance of a stronger number, given the high levels of business activity, and industrial output growth in the largest economy of Europe. The recently released euro zone industrial production only supports the idea of gradual recovery – the numbers came out much better than expected (3.0% against expected 1.8%). Thus, the further rise of EUR/USD is not ruled out with initial target at 1.3705 resistance level followed by 1.3728.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.3676, with support below at 1.3653 (S1), 1.3624 (S2) and 1.3601 (S3), with resistance above at 1.3705 (R1), 1.3728 (R2), and 1.3757 (R3). Hourly Moving Averages are largely bearish, with the 200SMA at 1.3630 and the daily 20EMA flat at 1.3665. Hourly RSI is neutral at 32.
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