FXStreet (Moscow) - EUR/USD opened the day at 1.3592, and had absolutely no desire to move, swaying back and forth around the level, and edging higher to 1.36 at the moment.



When USD becomes strong



The single currency came under pressure yesterday due to stronger than expected demand on USD supported by positive 10Y treasury yields developments. The absence of market moving data may continue to pressure the pair in the near-term, although the range-bound movements are highly expected with nearest support coming at 1.3561, and resistance – at 1.3649.



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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Strategy Video: Am I Over or Under Trading, And How Do I Correct It?

  4. Forex News

    Nonfarm Payrolls coming up: expectations -TDS

  5. Forex News

    EUR/USD regains 1.10, Payrolls eyed

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!