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25 Feb 2014
EUR/USD wants the break up with 1,3735
FXStreet (Moscow) - EUR/USD consolidates around 1.3735 with a tiny move higher to 1.3744 at the European open.
Euro just feels like rising
The released yesterday German IFO and euro zone CPI data was met by investors with a sigh of relief, as recent fundamentals were not that positive. Besides, Draghi during his weekend speech noted that the ECB would be ready to move, if it saw any deflationary pressure. The price level is still far from stable, but the tiny move higher of the yearly number was what the euro needed. As today the EMU calendar is empty, the pair will be more focused on market sentiment and stock market developments. Risk-on mood will give the pair fuel to climb higher with initial target at 1.3768 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3738, with support below at 1.3702, 1.3672 and 1.3636, with resistance above at 1.3768, 1.3804, and 1.3834. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3710 and the daily 20EMA bullish at 1.3671. Hourly RSI is neutral at 50.
Euro just feels like rising
The released yesterday German IFO and euro zone CPI data was met by investors with a sigh of relief, as recent fundamentals were not that positive. Besides, Draghi during his weekend speech noted that the ECB would be ready to move, if it saw any deflationary pressure. The price level is still far from stable, but the tiny move higher of the yearly number was what the euro needed. As today the EMU calendar is empty, the pair will be more focused on market sentiment and stock market developments. Risk-on mood will give the pair fuel to climb higher with initial target at 1.3768 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3738, with support below at 1.3702, 1.3672 and 1.3636, with resistance above at 1.3768, 1.3804, and 1.3834. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3710 and the daily 20EMA bullish at 1.3671. Hourly RSI is neutral at 50.