EURUSD Movement
For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.3771.
In the EU, manufacturing PMI rose to 59.0 from 57.3 in January. Unemployment fell to 9.9% in January from 10% in the previous month. Additionally, inflation rose at an annual rate of 2.3% (Y-o-Y) in January, up from 2.2% in December.
In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3758, 0.09% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.3815, followed by the next resistance at 1.3873. The first support is at 1.3729, with the subsequent support at 1.3701.
Trading trends in the pair today are expected to be determined by release of PPI in the EU.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
