Back
27 Mar 2014
EUR/USD tries to claw back ground
FXStreet (Moscow) - EUR/USD is trying to push above the near-term resistance at 1.3780 after touching the intraday low at 1.3753
EUR/USD bulls a desperate
EUR/USD bulls attempt to stage a rebound from current intraday lows at 1.3753, but this task is anything but easy. The February M3 numbers came in line with expectations, while some investors hoped to get the early sighs of growing inflation pressure. It means that low inflation in Eurozone is still a problem and speculations about new stimulus from ECB may be justified. From the technical point of view, the bulls need to get the pair above 1.3770 to brighten the shot-term picture and open up the way to 1.3800. Worse than expected US macro statistics may help the single currency, but don’t lay too much hope in it.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3795, with support below at 1.3760, 1.3742 and 1.3707, with resistance above at 1.3813, 1.3848, and 1.3866. Hourly Moving Averages are bearish, with the 200SMA at 1.3844 and the daily 20EMA flat at 1.3813. Hourly RSI is neutral at 40.
EUR/USD bulls a desperate
EUR/USD bulls attempt to stage a rebound from current intraday lows at 1.3753, but this task is anything but easy. The February M3 numbers came in line with expectations, while some investors hoped to get the early sighs of growing inflation pressure. It means that low inflation in Eurozone is still a problem and speculations about new stimulus from ECB may be justified. From the technical point of view, the bulls need to get the pair above 1.3770 to brighten the shot-term picture and open up the way to 1.3800. Worse than expected US macro statistics may help the single currency, but don’t lay too much hope in it.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3795, with support below at 1.3760, 1.3742 and 1.3707, with resistance above at 1.3813, 1.3848, and 1.3866. Hourly Moving Averages are bearish, with the 200SMA at 1.3844 and the daily 20EMA flat at 1.3813. Hourly RSI is neutral at 40.