EUR/USD is struggling to conquer 1.36

By FXstreet.com | June 18, 2014 AAA

FXStreet (Moscow) - EUR/USD opened the day 1.3592, and hardly moved since that time.



When the euro is happy



The pair is on the rise again, although this week is practically barren from the fundamental point of view. Every reason for USD weakness, is the euro happiness, and yesterday’s dovish remarks from Yellen, and too much of repetition convinced the market that the Fed will not use the BOE strategy, and won’t move to higher rates earlier than expected. The upside for the pair may be limited by 1.3617, and the downside – by 1.3579.



What are today’s key EUR/USD levels?



Today's central pivot point can be found at 1.3579, with support below at 1.3558, 1.3520 and 1.3499, with resistance above at 1.3617, 1.3638, and 1.3676. Hourly Moving Averages are bullish, with the 200SMA at 1.3564 and the daily 20EMA bearish at 1.3610. Hourly RSI is bullish at 60.



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