10 Apr 2014
EUR/USD is pressures down ahead of French macro data
FXStreet (Moscow) - EUR/USD is pressured down as the pair dropped from intraday high of 1.3869 to the current levels of 1.3843
Desinflation or Deflation?
Today we will finally get at least something out of the euro zone. Although the final CPI data will come out of France, Greece and Portugal, it is still might be worth seeing in order to understand the current price pressure trends within the region. The disinflation process is developing all over the euro zone, and probably the scheduled CPI data will only prove the trend, as we wrote in EUR: Many roads down south. If numbers are revised lower it may put the pair under mild pressure with initial target at 1.3825 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3832, with support below at 1.3803, 1.3748 and 1.3718, with resistance above at 1.3886, 1.3916, and 1.3970. Hourly Moving Averages are bullish, with the 200SMA at 1.3765 and the daily 20EMA neutral at 1.3785. Hourly RSI is bullish at 66.
Desinflation or Deflation?
Today we will finally get at least something out of the euro zone. Although the final CPI data will come out of France, Greece and Portugal, it is still might be worth seeing in order to understand the current price pressure trends within the region. The disinflation process is developing all over the euro zone, and probably the scheduled CPI data will only prove the trend, as we wrote in EUR: Many roads down south. If numbers are revised lower it may put the pair under mild pressure with initial target at 1.3825 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3832, with support below at 1.3803, 1.3748 and 1.3718, with resistance above at 1.3886, 1.3916, and 1.3970. Hourly Moving Averages are bullish, with the 200SMA at 1.3765 and the daily 20EMA neutral at 1.3785. Hourly RSI is bullish at 66.