EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.0830.
In the US, the Dallas Fed manufacturing business index dropped to -73.7 in April, compared to a level of -70.0 in the prior month.
In the Asian session, at GMT0300, the pair is trading at 1.0827, with the EUR trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1.0809, and a fall through could take it to the next support level of 1.0792. The pair is expected to find its first resistance at 1.0852, and a rise through could take it to the next resistance level of 1.0878.
With no macroeconomic releases across the Euro-zone today, traders would look forward to the US goods trade balance for March and the Richmond Fed manufacturing index for April, along with consumer confidence, slated to release later in the day.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
