EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR slightly rose against the USD and closed at 1.1314.
In the US, data showed that the JOLTs job openings unexpectedly fell to a level of 7449.0K in April, compared to market expectations for a rise to a level of 7496.0K. In the prior month, the JOLTs job openings had registered a revised reading of 7474.0K.
In the Asian session, at GMT0300, the pair is trading at 1.1316, with the EUR trading marginally higher against the USD from yesterday’s close.
The pair is expected to find support at 1.1296, and a fall through could take it to the next support level of 1.1275. The pair is expected to find its first resistance at 1.1331, and a rise through could take it to the next resistance level of 1.1345.
Going forward, traders would await Euro-zone’s Sentix investor confidence for June, slated to release in a few hours. Later in the day, the US NFIB small business optimism and the producer price index, both for May, will be on investors radar.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
