31 Jan 2014
EUR/USD laying low after punishment
FXstreet.com (Barcelona) - EUR/USD is laying low after a bought of sellers took the pair lower while US equities and firmer US yields coupled with poor data form the trong>EZ kept the bulls at bay.
The pair suffered on the back of a poorer set of German CPI which of course brings in the concern over whether the ECB needs to act to protect against a deflationary environment. The pair fell found support eventually at 1.3540. ="">EUR/USD is now walking to a halt below 1.3560
EUR/USD Levels
The 20 DMA is 1.3625, the 50 DMA is 1.3646 and the 200 DMA is 1.3368. RSI (14) reads 54.90. Support is 1.3545 while spot is 1.3557. Resistances are 1.3598, 1.3610, 1.3648,1.3689, 1.3716 and 1.3740.
The pair suffered on the back of a poorer set of German CPI which of course brings in the concern over whether the ECB needs to act to protect against a deflationary environment. The pair fell found support eventually at 1.3540. ="">EUR/USD is now walking to a halt below 1.3560
EUR/USD Levels
The 20 DMA is 1.3625, the 50 DMA is 1.3646 and the 200 DMA is 1.3368. RSI (14) reads 54.90. Support is 1.3545 while spot is 1.3557. Resistances are 1.3598, 1.3610, 1.3648,1.3689, 1.3716 and 1.3740.