EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR rose 0.41% against the USD and closed at 1.1398.
In economic news, French business sentiment index surprisingly fell to a level of 97.0 in May, from a reading of 99.0 in the previous month.
In the US, JOLTs job openings rose to a level of 5788.0K in April, compared to a revised reading of 5670.0K in the prior month. Market anticipation was for JOLTs job openings to advance to 5672.0K. Additionally, the nation’s mortgage applications rebounded 9.3% in the week ended 03 June 2016 on a weekly basis, after registering a 4.1% decline in the previous week.
In the Asian session, at GMT0300, the pair is trading at 1.1412, with the EUR trading 0.12% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.1375, and a fall through could take it to the next support level of 1.1338. The pair is expected to find its first resistance at 1.1432, and a rise through could take it to the next resistance level of 1.1452.
Moving ahead, investors will look forward to Germany’s trade balance data for April along with the European Central Bank (ECB) President, Mario Draghi’s speech, scheduled in a few hours. Moreover, the US weekly jobless claims and wholesale inventories data for April, will also attract market attention.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
