EURUSD Movement
For the 24 hours to 23:00 GMT, EUR declined 0.15% against the USD and closed at 1.3675.
In the EU, service sector PMI came in at 57.2 in February & the manufacturing sector at 59.0. In Germany, service sector PMI declined to 59.5 in February, compared to 60.3 in January. Additionally, in Germany, the Ifo institute reported business climate index increase to 111.2 in February, from 110.3 in January.
The dollar rose against their major counterparts on speculation that tensions in the Middle East and North Africa might worsen.
In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3589, 0.63% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.3678, followed by the next resistance at 1.3766. The first support is at 1.3532, with the subsequent support at 1.3474.
Trading trends in the pair today are expected to be determined by release of data on Gfk consumer confidence survey in Germany.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
