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28 Mar 2014
EUR/USD shows running in place around 1.3740
FXStreet (Moscow) - EUR/USD opened the day at 1.3740, and tried hard to recover at least something reaching 1.3751 by the moment, but further move higher is doubted.
Under impression
EUR/USD starts every coming day lower, spends Asia in tiny ranges, and wakes up by Europe. Today is not an exception. The pair is still under impression after Draghi and Weidmann, who reminded the market that the ECB is still on the dovish side of scale, while the other major central banks are moving closer to hawkish side. This understanding will keep the pair under pressure in short- and medium term, meaning that the downside potential is not evaporated yet. In this scenario the pair will move lower with initial target at 1.3713 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3756, with support below at 1.3713, 1.3686 and 1.3643, with resistance above at 1.3783, 1.3826, and 1.3853. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3824 and the daily 20EMA bearish at 1.3806. Hourly RSI is neutral at 41.
Under impression
EUR/USD starts every coming day lower, spends Asia in tiny ranges, and wakes up by Europe. Today is not an exception. The pair is still under impression after Draghi and Weidmann, who reminded the market that the ECB is still on the dovish side of scale, while the other major central banks are moving closer to hawkish side. This understanding will keep the pair under pressure in short- and medium term, meaning that the downside potential is not evaporated yet. In this scenario the pair will move lower with initial target at 1.3713 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3756, with support below at 1.3713, 1.3686 and 1.3643, with resistance above at 1.3783, 1.3826, and 1.3853. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3824 and the daily 20EMA bearish at 1.3806. Hourly RSI is neutral at 41.