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24 Feb 2014
EUR/USD gets support from cross buying
FXStreet (Moscow) - EUR/USD reached 1,3756 session high before the German data release.
The euro woke up and ran
The pair tried to break the ties with 1.3733 pivot point reaching 1.3756 on cross buying, and the momentum hasn’t faded away yet. The release of German IFO data is looming, and there is high possibility to see positive numbers, that may prove supportive for the pair move higher. The initial target is at 1.3764 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3733, with support below at 1.3706, 1.3675 and 1.3648, with resistance above at 1.3764, 1.3791, and 1.3822. Hourly Moving Averages are bullish, with the 200SMA at 1.3697 and the daily 20EMA bullish at 1.3664. Hourly RSI is neutral at 56.
The euro woke up and ran
The pair tried to break the ties with 1.3733 pivot point reaching 1.3756 on cross buying, and the momentum hasn’t faded away yet. The release of German IFO data is looming, and there is high possibility to see positive numbers, that may prove supportive for the pair move higher. The initial target is at 1.3764 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3733, with support below at 1.3706, 1.3675 and 1.3648, with resistance above at 1.3764, 1.3791, and 1.3822. Hourly Moving Averages are bullish, with the 200SMA at 1.3697 and the daily 20EMA bullish at 1.3664. Hourly RSI is neutral at 56.