EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.1327.
In economic news, Germany’s producer price index rose 0.2% on a monthly basis in July, compared to an advance of 0.4% in the prior month while markets expected the index to rise by 0.1%.
In the Asian session, at GMT0300, the pair is trading at 1.1286, with the EUR trading 0.36% lower against the USD from Friday’s close.
The pair is expected to find support at 1.1263, and a fall through could take it to the next support level of 1.1239. The pair is expected to find its first resistance at 1.1329, and a rise through could take it to the next resistance level of 1.1371.
Moving ahead, market participants would look forward to the US Chicago Fed national activity index for July, slated to release later in the day.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
