18 Jun 2014
EUR/USD freezes at 1.3545 before the FOMC
FXStreet (Moscow) - EUR/USD stalled around 1.3545 which we saw at the open, and which we observe now.
Euro. Episode II
The pair lacks catalysts from Europe, and have to focus on American developments. Yesterday, it brought only weakness to the single currency, and today we may see the Episode II, if FOMC meeting brings the market the feeling of more aggressive stance. In the case with euro it will be a serious argument to sell, as the ECB just recently confirmed its devotion to ultra easy monetary policy. If so, the strong support at 1.35 may be questioned.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3557, with support below at 1.3526, 1.3504 and 1.3473, with resistance above at 1.3579, 1.3610, and 1.3632. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3572 and the daily 20EMA bearish at 1.3611. Hourly RSI is bearish at 44.
Euro. Episode II
The pair lacks catalysts from Europe, and have to focus on American developments. Yesterday, it brought only weakness to the single currency, and today we may see the Episode II, if FOMC meeting brings the market the feeling of more aggressive stance. In the case with euro it will be a serious argument to sell, as the ECB just recently confirmed its devotion to ultra easy monetary policy. If so, the strong support at 1.35 may be questioned.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3557, with support below at 1.3526, 1.3504 and 1.3473, with resistance above at 1.3579, 1.3610, and 1.3632. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3572 and the daily 20EMA bearish at 1.3611. Hourly RSI is bearish at 44.