18 Jul 2014
EUR/USD posted 1.5-month low, but got scared and ran away
FXStreet (Moscow) - EUR/USD opened the day at 1.3525, slid to
1.5-month low 1.3512, but rebounded just above 1.3520.
Without emotions
The pair hardly reacted to the yesterday’s tragic news of the plane crash, however, it is still trading close to 1.5-month lows, and there is no significant catalysts for the recovery for the well-being. Yesterday’s inflation data failed to trigger any emotions as it met the expectations. Today’s current account of the euro zone most probably will be ignored by the market, and the only report of interest for today is Reuters/Michigan Consumer Sentiment Index released during American session.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3528, with support below at 1.3514, 1.3503 and 1.3489, with resistance above at 1.3539, 1.3553, and 1.3564. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3590 and the daily 20EMA bearish at 1.3599. Hourly RSI is bearish at 43
1.5-month low 1.3512, but rebounded just above 1.3520.
Without emotions
The pair hardly reacted to the yesterday’s tragic news of the plane crash, however, it is still trading close to 1.5-month lows, and there is no significant catalysts for the recovery for the well-being. Yesterday’s inflation data failed to trigger any emotions as it met the expectations. Today’s current account of the euro zone most probably will be ignored by the market, and the only report of interest for today is Reuters/Michigan Consumer Sentiment Index released during American session.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3528, with support below at 1.3514, 1.3503 and 1.3489, with resistance above at 1.3539, 1.3553, and 1.3564. Hourly Moving Averages are largely bearish, with the 200SMA at 1.3590 and the daily 20EMA bearish at 1.3599. Hourly RSI is bearish at 43