EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR declined 0.05% against the USD and closed at 1.1209.
In the US, data showed that the Chicago Fed National Activity Index rose to a level of -0.02 in June, undershooting market expectations for a rise to a level of 0.08. In the prior month, the index had registered a revised level of -0.03.
In the Asian session, at GMT0300, the pair is trading at 1.1200, with the EUR trading 0.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.1188, and a fall through could take it to the next support level of 1.1175. The pair is expected to find its first resistance at 1.1219, and a rise through could take it to the next resistance level of 1.1237.
Looking ahead, traders would await Euro-zone’s consumer confidence index for July, slated to release in a few hours. Later in the day, the US house price index for May, existing home sales for June and the Richmond Fed manufacturing index for July, will keep traders on their toes.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
