EURUSD Movement
For the 24 hours to 23:00 GMT, EUR declined 0.95% against the USD and closed at 1.3593, as renewed concerns over euro zone’s sovereign debt weighed on investor sentiment.
In the Asian session, at 4:00GMT, the EURUSD is trading at 1.3582, 0.08% lower from the levels yesterday at 23:00GMT.
The pair has its first short term resistance at 1.3677, followed by the next resistance at 1.3771. The first support is at 1.3525, with the subsequent support at 1.3467.
The pair is expected to trade on the cues from the ECB president’s speech and Germany CPI data due to be released later today.
The currency pair is currently trading just below its 20 Hr and well below its 50 Hr moving averages.
