EURUSD Movement
For the 24 hours to 23:00 GMT, EUR declined 0.37% against the USD on Friday and closed at 1.3754.
In the EU, M3 money supply rose by 1.7% (Q-o-Q) in January from 1.6% in the previous quarter. Additionally, in Germany, consumer price index rose 2.0% in February, posting the fastest growth since October 2008. The harmonised index of consumer prices (HICP) rose 2.2% (Y-o-Y) in February, following a 2.0% growth posted in January.
In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3748, 0.04% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.3818, followed by the next resistance at 1.3888. The first support is at 1.3693, with the subsequent support at 1.3638.
Trading trends in the pair today are expected to be determined by release of consumer price index in the EU.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
