EUR/USD - it was so cozy below 1.36

By FXstreet.com | Updated June 10, 2014 AAA

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

    May Forex Seasonality Foresees Dollar Rebound After April Selloff

  2. Forex News

    EURUSD has broken higher from its triangle - Goldman Sachs

  3. Forex News

    EUR/USD should maintain topside risk - FXStreet

  4. Forex News

    Very hard to know how far USD washout runs - Nomura

  5. Forex News

    Euro Covering Rally Potential Unleashed, NFPs Only Obstacle

Trading Center