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3 Mar 2014
EUR/USD got no help from PMI
FXStreet (Moscow) - EUR/USD was not able to stay positive in European morning, sliding to 1.3780 at the moment from 1.3792 session high.
PMI data disappointed
The released PMI numbers from the EMU countries gave mixed results, with Spain and Italy below the expected, but France and Germany slightly above, again raising doubts about the looming ECM meeting results. The unstable business activity may persuade the Executive Board to step up with more easing. The pair spent the European morning around 1.3775 hesitating with further direction. Sellers interest around 1.3785 limited the upside, and the mixed fundamental data gave no additional impulse. The downside is limited by 1.3722 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3774, with support below at 1.3722, 1.3641, and 1.3589, with resistance above at 1.3855, 1.3907, and 1.3988. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3732 and the daily 20EMA bullish at 1.3693. Hourly RSI is neutral at 55.
PMI data disappointed
The released PMI numbers from the EMU countries gave mixed results, with Spain and Italy below the expected, but France and Germany slightly above, again raising doubts about the looming ECM meeting results. The unstable business activity may persuade the Executive Board to step up with more easing. The pair spent the European morning around 1.3775 hesitating with further direction. Sellers interest around 1.3785 limited the upside, and the mixed fundamental data gave no additional impulse. The downside is limited by 1.3722 support level.
What are today’s key EUR/USD levels?
Today's central pivot point can be found at 1.3774, with support below at 1.3722, 1.3641, and 1.3589, with resistance above at 1.3855, 1.3907, and 1.3988. Hourly Moving Averages are largely bullish, with the 200SMA at 1.3732 and the daily 20EMA bullish at 1.3693. Hourly RSI is neutral at 55.