EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.71% against the USD and closed at 1.4683, on speculation that the Federal Reserve may loosen the monetary policy to support the US economy.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4676, 0.05% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4759, followed by the next resistance at 1.4841. The first support is at 1.4549, with the subsequent support at 1.4421.
Trading trends in the pair today are expected to be determined by data release on industrial new orders in the Euro Zone.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
