EURUSD Movement
For the 24 hours to 23:00 GMT, EUR declined 1.82% against the USD and closed at 1.4182.
Euro came under pressure, as investor concerns grew that Greece’s debt crisis may be getting out of control, as a new bailout scheme to keep Greece from defaulting remained unresolved while Greek protests against austerity turned violent in Athens.
In the Euro zone, the industrial output, on a seasonally adjusted monthly basis, increased by 0.2% in April, following a flat reading recorded in the previous month.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4194, 0.08% higher from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4364, followed by the next resistance at 1.4534. The first support is at 1.4090, with the subsequent support at 1.3986.
Trading trends in the pair today are expected to be determined by release of data on employment change and consumer price index in the Euro zone.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
