EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.1288.
In the Asian session, at GMT0300, the pair is trading at 1.1295, with the EUR trading 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.1253, and a fall through could take it to the next support level of 1.1210. The pair is expected to find its first resistance at 1.1320, and a rise through could take it to the next resistance level of 1.1344.
Going ahead, investors look forward to the Euro-zone’s industrial production data for April, scheduled to release in a few hours. Additionally, the US advance retail sales and NFIB business optimism index, both for the month of May, due later today, will also attract significant market attention.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
