EURUSD Movement
For the 24 hours to 23:00 GMT, EUR rose 0.52% against the USD and closed at 1.4410.
However gains were capped, after Standard & Poor’s cut Greece’s sovereign rating.
Standard & Poor’s downgraded Greece to triple-C, with a negative outlook, amid significantly higher probability of a default in the struggling euro zone member.
In the Asian session, at 3:00GMT, the EURUSD is trading at 1.4421, 0.08% higher from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.4461, followed by the next resistance at 1.4501. The first support is at 1.4351, with the subsequent support at 1.4281.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
