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26 Feb 2014
EUR/USD is in positive expectations for Gfk
FXStreet (Moscow) - EUR/USD slid from 1.3744 to session low at 1,3736 but soon rebounded supported by Gfk data expectations.
Gfk data – I can lift you up!
Despite some US dollar recovery overnight the pair is still has upside potential. The euro gets support both from USD weakness, and tiny positive surprises from the EMU data. The German IFO on Monday made the day of the euro, so today the Gfk index is in focus. The market expects the same optimism from nearing report, and better than expected numbers may become another reason to move higher with initial target at 1.3766 resistance level.
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.
Gfk data – I can lift you up!
Despite some US dollar recovery overnight the pair is still has upside potential. The euro gets support both from USD weakness, and tiny positive surprises from the EMU data. The German IFO on Monday made the day of the euro, so today the Gfk index is in focus. The market expects the same optimism from nearing report, and better than expected numbers may become another reason to move higher with initial target at 1.3766 resistance level.
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.