FXStreet (Moscow) - EUR/USD is consolidating right below 1.3590 level in quiet Asian session

Wicked tricks ofEUR/USD

EUR/USD tumbled below 1.3600 support level on Monday eroding the view about looming upside rebound. Daily close below the above said level darkens the short-term technical picture, though we still need to see a close below 1.3500 to enhance long-term bearish outlook. Fundamentally, there are no EZ first tier reports today, but French and Italian industrial production numbers might be in focus. Sighs of improvement in the second and the third largest economies of the single currency area will be EUR supportive. In this case EUR/USD might climb to 1.3600/10. Once this resistance is broken, 1.3650 will come into play. The support is seen at 1.3580 and 1.3560.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.3615, with support below at 1.3561, 1.3527 and 1.3473, with resistance above at 1.3649, 1.3703, and 1.3737. Hourly Moving Averages are bearish, with the 200SMA at 1.3615 and the daily 20EMA at 1.3662. Hourly RSI is bearish at 35.

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Forex pairs in this Article » EUR/USD

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