EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR rose 0.08% against the USD and closed at 1.1136.
In the Asian session, at GMT0400, the pair is trading at 1.1137, with the EUR trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1.1118, and a fall through could take it to the next support level of 1.1098. The pair is expected to find its first resistance at 1.1152, and a rise through could take it to the next resistance level of 1.1166.
Amid no major releases in the Euro-zone today, traders would closely monitor the US consumer price index, the NFIB business optimism index and the monthly budget statement, all for December, set to release later in day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
