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19 Mar 2014
EUR/USD is under pressure drifting to 1.39 area
FXStreet (Moscow) - EUR/USD is under mild pressure in the morning starting from 1.3928 and reaching 1.3914 session low at the moment.
Doesn’t have its own catalysts
It looks like 1.3930 area became a minor resistance for short-term, and the euro has no catalysts to break above it so far. EUR/USD has been rather volatile recently, as besides the geopolitical tensions, and fundamentals, the pair is affected by the institutional flows allegedly related to diversification. Today the euro zone calendar is practically empty, thus the pair will be moving on risk sentiment and news from other economies. The downside Is limited by 1.3894 support level, and the upside with 1.3959 resistance.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3919, with support below at 1.3894, 1.3854 and 1.3829, with resistance above at 1.3959, 1.3984, and 1.4024. Hourly Moving Averages are bullish, with the 200SMA at 1.3890 and the daily 20EMA bullish at 1.3818. Hourly RSI is neutral at 49.
Doesn’t have its own catalysts
It looks like 1.3930 area became a minor resistance for short-term, and the euro has no catalysts to break above it so far. EUR/USD has been rather volatile recently, as besides the geopolitical tensions, and fundamentals, the pair is affected by the institutional flows allegedly related to diversification. Today the euro zone calendar is practically empty, thus the pair will be moving on risk sentiment and news from other economies. The downside Is limited by 1.3894 support level, and the upside with 1.3959 resistance.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3919, with support below at 1.3894, 1.3854 and 1.3829, with resistance above at 1.3959, 1.3984, and 1.4024. Hourly Moving Averages are bullish, with the 200SMA at 1.3890 and the daily 20EMA bullish at 1.3818. Hourly RSI is neutral at 49.