26 May 2014
EUR/USD bears slowly pushing the pair to the support of 1.3610
FXStreet (Moscow) - EUR/USD slided to new lows of 1.3615 early in Asia, after starting the day at 1.3626. Trading activity is low ahead of European opening.
Confined to the sloping range
The third week of decline in a row is a bad omen for EUR/USD. On Friday pair touched the low of 1.3613 and closed the day at 1.3627, well below the 200-day MA (1.3635). Considering very light economic calendar both in Europe and US (where the markets are closed for the Memorial day), the technical factors will rule the day. EU elections have a good chance to be quickly forgotten by the markets as their results are unlikely to become a game-changer for the European policy. From the tеусртсфд point of view, keep an eye at 1.3630 on the upside and 1.3610/00 on the downside
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3635, with support below at 1.3610, 1.3590 and 1.3565, with resistance above at 1.3655, 1.3680, and 1.3700. Hourly Moving Averages are bearish, with the 200SMA at 1.3691 and the daily 20EMA at 1.3744. Hourly RSI is bearish at 32.
Confined to the sloping range
The third week of decline in a row is a bad omen for EUR/USD. On Friday pair touched the low of 1.3613 and closed the day at 1.3627, well below the 200-day MA (1.3635). Considering very light economic calendar both in Europe and US (where the markets are closed for the Memorial day), the technical factors will rule the day. EU elections have a good chance to be quickly forgotten by the markets as their results are unlikely to become a game-changer for the European policy. From the tеусртсфд point of view, keep an eye at 1.3630 on the upside and 1.3610/00 on the downside
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3635, with support below at 1.3610, 1.3590 and 1.3565, with resistance above at 1.3655, 1.3680, and 1.3700. Hourly Moving Averages are bearish, with the 200SMA at 1.3691 and the daily 20EMA at 1.3744. Hourly RSI is bearish at 32.