EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.03% against the USD and closed at 1.4829.
The EUR gained, as investors welcomed the €78 billion (£70 billion) bailout agreed for Portugal on Tuesday night, with hope that the deal would allow Lisbon to repair its finances without defaulting on its debts.
In the US, the non-farm private employment increased by 179,000 jobs in April, following an upwardly revised increase of 207,000 jobs in March.
In the Euro zone, the services purchasing manager index declined to 56.7 in April from 57.2 in March.
The services business activity index in Germany declined to a reading of 56.8 in April, compared to a reading of 60.1 recorded in March.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4840, 0.07% higher from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4929, followed by the next resistance at 1.5017. The first support is at 1.4764, with the subsequent support at 1.4687.
Investors are eying ECB interest rate decision along with other economic releases in the Euro zone later today.
The currency pair is showing convergence with its 20 Hr moving average and its 50 Hr moving average.
