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Forex pairs in this Article » EUR/USD (Guatemala) - EUR/USD is trading on the offer and extending the losses from above 1.3650, despite better looking data from the EZ.

Strategists at TD Securities commented, “The Eurozone flash CPI estimate earlier this morning was right on consensus—and better than yesterday’s disappointing German CPI figure suggested”. They continued to say, “ Today’s CPI release contributes to expectations that the ECB will hold policy steady at this Thursday’s meeting. It also suggests that US developments could be the bigger driver of EUR/USD price action through the balance of the week, with particular focus on tomorrow’s FOMC minutes and the NFP report on Friday”.

EUR/USD view for today

The strategists at TD Securities said, “For today, there is little to note on the calendar, although the short term charts suggest the potential of squeeze higher toward 1.3700/20. That would be selling opportunity in our view”.

EUR/USD Levels

The 20 DMA is 1.3713, the 50 DMA is 1.3612 and the 200 DMA is 1.3321. Supports are 1.3490, 1.3525, 1.3572, 1.3593. Spot is 1.3621 with resistances at 1.3653 1.3680, 1.3729 and 1.3743.
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