Back
4 Mar 2014
EUR/USD goes up when troops go back
FXStreet (Moscow) - EUR/USD spent the Asia testing 1.3720 support area but news from Russia fueled the rise to 1.3767 session high.
Euro – give me just the reason
Despite the risk aversion we saw yesterday in the markets, the pair’s losses are still contained within quite narrow ranges. And the market takes every opportunity to buy euro on tiny signs 0of geopolitical stabilization. Today the news on Russian troops returning to their bases from military exercises helped the pair reach 1.3767 session high. It looks like investors expect the ECB to leave the policy unchanged during its meeting on Thursday, and this notion may support the pair within 1.3720-1.3820 range short-term. Thus, we may see good buyers’ demand every time the euro nears the bottom of the mentioned range supporting the rise up to 1.3818 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3750, with support below at 1.3706, 1.3682, and 1.3638, with resistance above at 1.3774, 1.3818, and 1.3842. Hourly Moving Averages are mixed, with the 200SMA at 1.3731 and the daily 20EMA bullish at 1.3696. Hourly RSI is neutral at 42.
Euro – give me just the reason
Despite the risk aversion we saw yesterday in the markets, the pair’s losses are still contained within quite narrow ranges. And the market takes every opportunity to buy euro on tiny signs 0of geopolitical stabilization. Today the news on Russian troops returning to their bases from military exercises helped the pair reach 1.3767 session high. It looks like investors expect the ECB to leave the policy unchanged during its meeting on Thursday, and this notion may support the pair within 1.3720-1.3820 range short-term. Thus, we may see good buyers’ demand every time the euro nears the bottom of the mentioned range supporting the rise up to 1.3818 resistance level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3750, with support below at 1.3706, 1.3682, and 1.3638, with resistance above at 1.3774, 1.3818, and 1.3842. Hourly Moving Averages are mixed, with the 200SMA at 1.3731 and the daily 20EMA bullish at 1.3696. Hourly RSI is neutral at 42.