EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3286, after Greek Prime Minister, Lucas Papademos stated that an agreement on austerity measures required to secure a second bailout had been secured.
Separately, the European Central Bank left its benchmark interest rate unchanged at a record-low 1.0% for the second consecutive month.
In the Asian session, at GMT0400, the pair is trading at 1.3266, with the EUR trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 1.3227, and a fall through could take it to the next support level of 1.3187. The pair is expected to find its first resistance at 1.3314, and a rise through could take it to the next resistance level of 1.3361.
Trading trends in the pair today are expected to be determined by the release of current account and industrial production data in France and Consumer Price Index data in Germany.
The currency pair is converging with its 20 Hr and 50 Hr moving averages.
