22 Jul 2014
EUR/USD glued to 1.3525, US CPI eyed
FXStreet (Bali) - EUR/USD is trading at 1.3526, unchanged since the NY close, having posted a daily high at 1.3528 and low at 1.3522.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 62.26, up from 50.95 at the last hour close, while ADX is ranging at 19.51, up from 12.85 previous. Meanwhile, daily RSI is in neutral territory at 36.24.
Peter Fell from FXBeat, notes: "Wed's US CPI is the next hurdle, market expectations are calling for 0.30% m/m, slightly down on last month's 0.40%, YoY is expected unchanged at 2.10%. Order-wise, there is chatter of Asian demand between 1.3500/10 and large stops below Friday's low of 1.3490. Topside, sell orders parked between 1.3550/70."
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 62.26, up from 50.95 at the last hour close, while ADX is ranging at 19.51, up from 12.85 previous. Meanwhile, daily RSI is in neutral territory at 36.24.
Peter Fell from FXBeat, notes: "Wed's US CPI is the next hurdle, market expectations are calling for 0.30% m/m, slightly down on last month's 0.40%, YoY is expected unchanged at 2.10%. Order-wise, there is chatter of Asian demand between 1.3500/10 and large stops below Friday's low of 1.3490. Topside, sell orders parked between 1.3550/70."