13 Jan 2014
EUR/USD pushing the upside
FXstreet.com (Guatemala) - EUR/USD has been pressing on the upside through 1.3675 and running into supply there.
EUR/USD is still digesting the data from the US of last week and the jobs data is causing a great deal of concern amongst markets with regards to the Fed's willingness to continue to pull back from its asset purchases. The US is showing signs that it may continue to struggle without the stimulus.
EUR/USD Levels
The 20 DMA is 1.3684, the 50 DMA is 1.3610 and the 200 DMA is 1.3335. RSI (14) reads 51.15. Supports are ascending from, 1.3560, 1.3601, 1.3634. Spot is 1.3670 while resistances are 1.3675, 1.3688, 1.3729, 1.3743 and 1.3778.
EUR/USD is still digesting the data from the US of last week and the jobs data is causing a great deal of concern amongst markets with regards to the Fed's willingness to continue to pull back from its asset purchases. The US is showing signs that it may continue to struggle without the stimulus.
EUR/USD Levels
The 20 DMA is 1.3684, the 50 DMA is 1.3610 and the 200 DMA is 1.3335. RSI (14) reads 51.15. Supports are ascending from, 1.3560, 1.3601, 1.3634. Spot is 1.3670 while resistances are 1.3675, 1.3688, 1.3729, 1.3743 and 1.3778.