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21 Apr 2014
EUR/USD recovered to 1.3817 area from session lows
FXStreet (Moscow) - EUR/USD started the week at 1.3811, and slid to 1.3804 session low initially with the rebound bringing it back to 1.3817 by the moment.
PMI numbers to watch
Empty Monday calendar will give the traders the needed time to prepare themselves to series of April PMI numbers that are extremely important for the ECB to determine the further direction of the monetary policy. Most probably we will continue to see further recovery of the periphery, and some slowdown in Germany due to appreciating single currency damaging the export activity of the largest European economy. If the readings show a miss on the downside it may put the pair under pressure with initial target at 1.3789 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3813, with support below at 1.3804, 1.3798 and 1.3789, with resistance above at 1.3819, 1.3828, and 1.3834. Hourly Moving Averages are mixed, with the 200SMA at 1.3833 and the daily 20EMA bullish at 1.3808. Hourly RSI is bullish at 51.
PMI numbers to watch
Empty Monday calendar will give the traders the needed time to prepare themselves to series of April PMI numbers that are extremely important for the ECB to determine the further direction of the monetary policy. Most probably we will continue to see further recovery of the periphery, and some slowdown in Germany due to appreciating single currency damaging the export activity of the largest European economy. If the readings show a miss on the downside it may put the pair under pressure with initial target at 1.3789 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3813, with support below at 1.3804, 1.3798 and 1.3789, with resistance above at 1.3819, 1.3828, and 1.3834. Hourly Moving Averages are mixed, with the 200SMA at 1.3833 and the daily 20EMA bullish at 1.3808. Hourly RSI is bullish at 51.