EURUSD Movement
For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.4225.
In the Eurozone, the sentix investor sentiment index dropped to 14.22 in April, following 17.07 in March. Meanwhile, the producer price inflation in the Eurozone rose to 6.6% (Y-o-Y) in February, following a 5.9% rate recorded in January.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4195, 0.21% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4237, followed by the next resistance at 1.4280. The first support is at 1.4167, with the subsequent support at 1.4140.
Trading trends in the pair today are expected to be determined by services PMI and
retail sales in Eurozone, later today.
The currency pair is showing convergence with 50 Hr moving average and is trading slightly below its 20 Hr moving average.
