FXStreet (Moscow) - EUR/USD has moved to Asian high at 1.3368 after a dull morning at 1.3363 level; current trading range of the pair is 10 pips as Asian traders are already in the weekend mood.


As the week is drawing to an end, it is save to suggest that EUR/USD will continue consolidating with bearish bias. Dismal GDP reports from Eurozone countries triggered EUR sell off, but markets were prepared for such outcome and did not let the single currency out of the range. In a longer term perspective it may signal more pronounced period of indecisive concolidation before the downside is resumed. It becomes more of a technical play where the upside is limited by 1.3476 trend line resistance, while the downside is capped by 1.3330 support.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.3374, with support below at 1.3339, 1.3314 and 1.3279, with resistance above at 1.3399, 1.3434, and 1.3459. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.3376 and the daily 20EMA bearish at 1.3425. Hourly RSI is bearish at 46

Related Articles
  1. Investing News

    China’s Forex Reserves Dropped Significantly

    China’s forex​ reserves dropped by a record $93.9 billion at the end of August to $3.56 trillion because the Central Bank has been selling dollars to provide a cushion to the falling yuan​
  2. Forex

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  3. Forex Fundamentals

    Chinese Yuan an Unlikely Reserve Currency

    As the world's second largest economy, China's challenge to America’s dominance includes a push to make the yuan (RMB), the world’s reserve currency. Whether it can do that now is unclear.
  4. Economics

    How Currency Enforcement Helped Sink The Trans-Pacific Partnership (TTP)

    One particular barrier to trade that has received much attention of late and caused delays in negotiations of the TPP is exchange-rate manipulation, by which a country artificially devalues its ...
  5. Forex

    Top U.S Forex News Sites

    Breaking news moves forex markets. Here are the top U.S. sites for tracking forex news.
  6. Investing

    Financial News Comparison: Bloomberg Vs. Reuters

    Access to financial information has grown with the expansion of digital news. Bloomberg and Thomson Reuters lead the pack, claiming a majority of the business information market.
  7. Economics

    Who Benefits From South Korea's Lowered Interest Rates?

    South Korea is the latest country to cut interest rates in an attempt to stimulate economic growth.
  8. Forex Education

    The Top Uses For P2P Currency Exchange

    Peer-to-peer (P2P) currency exchange networks offer a viable and cheaper alternative for buying and selling currencies.
  9. Forex

    Steps To Open An Offshore Forex Account

    Here is a simple breakdown of how to open an offshore forex account for US-based users, including legal requirements.
  10. Entrepreneurship

    Top Forex Trading Apps

    A brief overview of the top apps that help forex traders with on time information, charts and more.

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!