EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.23% against the USD and closed at 1.3624.
In Germany, industrial production fell 1.5% (M-o-M) in December. In France the industrial sentiment index climbed to 110.0 in January. Meanwhile, the trade deficit in France widened to €5.05 billion in December, compared to a €4.10 billion deficit in the previous month.
In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3648, 0.18% higher from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.3695, followed by the next resistance at 1.3742. The first support is at 1.3595, with the subsequent support at 1.3542.
Release of data on trade balance, imports and exports in Germany may be key factors to influence trends in the currency pair.
The pair has shown some convergence of its 20Hr moving average and is trading above the 50Hr moving average.
