14 May 2014
EUR/USD is not ready to go below 1.3700
FXStreet (Moscow) - EUR/USD touched the ground below 1.3700 and reversed higher; currently the pair is trading at 1.3720
Inflation again
Flow of regional inflation data for April might receive increased attention today as even slightest evidence of changing inflation pressures may potentially affect the ECB forecasts published ahead of June ECB meeting. Keep your eyes peeled fro German numbers as they have stronger impact on ECB mood. The April preliminary HICP is expected to come at -0.3% m/m, -1.1% y/y. Figures in line or lower than expected will put EUR under pressure. From the technical point of view, the key levels to watch 1.3670 on the downside and 1.3740 on the upside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3721, with support below at 1.3670, 1.3637 and 1.3586, with resistance above at 1.3754, 1.3805, and 1.3838. Hourly Moving Averages are mixed, with the 200SMA at 1.3842 and the daily 20EMA at 1.3819. Hourly RSI is bearish at 47.
Inflation again
Flow of regional inflation data for April might receive increased attention today as even slightest evidence of changing inflation pressures may potentially affect the ECB forecasts published ahead of June ECB meeting. Keep your eyes peeled fro German numbers as they have stronger impact on ECB mood. The April preliminary HICP is expected to come at -0.3% m/m, -1.1% y/y. Figures in line or lower than expected will put EUR under pressure. From the technical point of view, the key levels to watch 1.3670 on the downside and 1.3740 on the upside.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3721, with support below at 1.3670, 1.3637 and 1.3586, with resistance above at 1.3754, 1.3805, and 1.3838. Hourly Moving Averages are mixed, with the 200SMA at 1.3842 and the daily 20EMA at 1.3819. Hourly RSI is bearish at 47.