EUR/USD took a respite after a long trip to yearly lows

By FXstreet.com | September 03, 2014 AAA

FXStreet (Moscow) - EUR/USD opened the day at 1.3131, lost ten pips during the Asian morning, and rebounded above 1.3141 session high at European morning.



Before the ECB



The pair is showing some attempts to recover from yearly lows, and the looming reports from the euro zone may help with volatility. Although the market is waiting for the ECB meeting impatiently, the released today PMI data still may have some impact on the pair. German data is of special interest as the health of the largest European economy is very important for the whole euro zone economy. Another evidence of weakness may put the pair under pressure sending it to the nearest support levels.



What are today’s key EUR/USD levels?



Currently, the pair is trading at 1.3133. Today's central pivot point can be found at 1.3130, with initial support below at 1.3104, followed by 1.3064, and 1.3007. The nearest resistance may be located above at 1.3151, with 1.3204, and 1.3248 to follow.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD recovering from Asian lows
    Forex News

    GBP/USD recovering from Asian lows

  2. USD/JPY mellow on the back of USD sell-off
    Forex News

    USD/JPY mellow on the back of USD sell-off

  3. Dollar Cheered in Press, But Data and Fed Chatter Turning
    Forex News

    Dollar Cheered in Press, But Data and Fed Chatter Turning

  4. EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation
    Forex News

    EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation

  5. US Dollar Technical Analysis: Is a Pullback in the Cards?
    Forex News

    US Dollar Technical Analysis: Is a Pullback in the Cards?

Trading Center