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26 Feb 2014
EUR/USD retraced back to 1.3740 area
FXStreet (Moscow) - ">EUR/USD found seller’s demand around 1.3750 and slid back losing 10 pips.
If Gfk data didn’t, who would?
Positive Gfk data from Germany was not able to give strong enough impulse to move higher. The pair tried to rise to 1.3750 area, but met sellers’ demand and retraced to 1.3733 low now trading at 1.3737. German GFK consumer sentiment rose 8.5 vs 8.2 expected, supporting the idea of further recovery of the largest European economy. The EMU calendar is barren for today, thus the focus will be on US data later in the day. The returning risk appetite may bring the pair to initial resistance level at 1.3766.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3713, with support below at 1.3741, 1.3688, and 1.3660, with resistance above at 1.3766, 1.3794, and 1.3819. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.3725 and the daily 20EMA bullish at 1.3677. Hourly RSI is neutral at 46.
If Gfk data didn’t, who would?
Positive Gfk data from Germany was not able to give strong enough impulse to move higher. The pair tried to rise to 1.3750 area, but met sellers’ demand and retraced to 1.3733 low now trading at 1.3737. German GFK consumer sentiment rose 8.5 vs 8.2 expected, supporting the idea of further recovery of the largest European economy. The EMU calendar is barren for today, thus the focus will be on US data later in the day. The returning risk appetite may bring the pair to initial resistance level at 1.3766.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3713, with support below at 1.3741, 1.3688, and 1.3660, with resistance above at 1.3766, 1.3794, and 1.3819. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.3725 and the daily 20EMA bullish at 1.3677. Hourly RSI is neutral at 46.