EUR/USD: Euro trading a tad higher in the Asian session


EURUSD Movement

For the 24 hours to 23:00 GMT, the EUR declined 0.41% against the USD and closed at 1.1279.

In the Asian session, at GMT0400, the pair is trading at 1.1279, with the EUR trading slightly higher against the USD from yesterday’s close.

The pair is expected to find support at 1.1254, and a fall through could take it to the next support level of 1.1229. The pair is expected to find its first resistance at 1.1317, and a rise through could take it to the next resistance level of 1.1355.

Amid no major macroeconomic releases in the Euro-zone today, investors would focus on the US NFIB small business optimism index for January and the JOLTS job openings for December, set to release later in the day.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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