EURUSD Movement
For the 24 hours to 23:00 GMT, EUR declined 0.49% against the USD and closed at 1.3349, after comments from European Central Bank President, Mario Draghi renewed concerns over the handling of the Euro-zone’s sovereign debt crisis.
In economic news, the Bank of France Business Confidence Index fell to 95.0 in November, compared to 96.0 in October.
In the Asian session, at GMT0400, the pair is trading at 1.3314, with the EUR trading 0.27% lower from yesterday’s close.
The pair is expected to find support at 1.3249, and a fall through could take it to the next support level of 1.3184. The pair is expected to find its first resistance at 1.3419, and a rise through could take it to the next resistance level of 1.3524.
Investors are eying Euro-zone economic summit results along with other economic releases in Europe to be released later today.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
