EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD and closed at 1.3565.
In the US, Bureau of Labor Statistics reported that PPI for finished goods rose 0.8% in January, this advance followed increases of 0.9% in December and 0.7% in November and is the seventh straight rise in finished goods prices.
In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3587, 0.16% higher from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.3643, followed by the next resistance at 1.3699. The first support is at 1.3497, with the subsequent support at 1.3407.
The pair is expected to trade on the cues from the release of data on current account & consumer confidence in the EU.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
