EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD, on Friday, and closed at 1.4529, on speculation that the European Central Bank would increase interest rates this week, after Greece was pulled out of debt default problem.
In the Euro zone economic news, the manufacturing Purchasing Managers Index (PMI) declined to 52.0 points in June compared to 54.6 points registered in May. Additionally, the unemployment rate remained unchanged at 9.9% during May.
In Germany economic news, the manufacturing purchasing manager index declined to 54.6 points in June from 57.7 points in May.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4556, 0.19% higher from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4610, followed by the next resistance at 1.4665. The first support is at 1.4469, with the subsequent support at 1.4383.
Trading trends in the pair today are expected to be determined by release of Sentix investor confidence index in the Euro zone.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
