EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3782, ahead of eurozone summit on Sunday.
In the Eurozone economic news, the consumer confidence declined to -19.9 in October from a revised reading of -19.1 in September.
Additionally, in Germany, the Producer Price Index (PPI) increased 5.5% (Y-o-Y) in September, unchanged from the rate of growth in August.
In the Asian session, at GMT0300, the pair is trading at 1.3778, with the EUR trading marginally lower from yesterday’s close.
The pair is expected to find support at 1.3675, and a fall through could take it to the next support level of 1.3572. The pair is expected to find its first resistance at 1.3862, and a rise through could take it to the next resistance level of 1.3946.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
