EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.1033.
In the Asian session, at GMT0400, the pair is trading at 1.1033, with the EUR trading flat against the USD from yesterday’s close.
The pair is expected to find support at 1.1022, and a fall through could take it to the next support level of 1.1010. The pair is expected to find its first resistance at 1.1044, and a rise through could take it to the next resistance level of 1.1054.
Looking ahead, traders would keep an eye on the Eurozone’s ZEW economic sentiment and Germany’s ZEW survey indices, both for November, set to release in a few hours. Later in the day, the US NFIB business optimism index for October, will keep traders on their toes.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
