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2 Jan 2014
EUR/USD finds support at 4H 200 SMA
FXstreet.com (Barcelona) - Having steadily declined throughout the days trading to post a low at 1.3634, EUR/USD has found support at the 4H 200 SMA at 1.3643.
EUR/USD supported following US jobs data
Having declined this morning on USD strength after the generally better than expected EZ PMI data, EUR/USD found support at the 4H 200 SMA following declines in both the Initial and Continuous US Jobless data, but with Initial missing expectations, and continuous beating them. Ahead we have ISM Manufacturing PMI at 15:00 GMT, forecast to register at 57 following the Markit equivalent which missed expectations at 57.3/58. Looking to a daily chart we can see that spot has faced significant resistance at the 1.3800 level from which it was recently rejected from again.
What are the key EUR/USD levels?
Hourly RSI is in oversold territory at 19 with ADX at 30. The hourly 200 SMA sits at 1.3726 and sloping lower, with the 20D EMA at 1.3704 and climbing. With spot having broken below the daily pivot support levels, S3 at 1.3715 now turns into resistance, with support below seen at 1.3612 (Dec 20 low), 1.3526 (Dec ow) and also the weekly PP S2.
EUR/USD supported following US jobs data
Having declined this morning on USD strength after the generally better than expected EZ PMI data, EUR/USD found support at the 4H 200 SMA following declines in both the Initial and Continuous US Jobless data, but with Initial missing expectations, and continuous beating them. Ahead we have ISM Manufacturing PMI at 15:00 GMT, forecast to register at 57 following the Markit equivalent which missed expectations at 57.3/58. Looking to a daily chart we can see that spot has faced significant resistance at the 1.3800 level from which it was recently rejected from again.
What are the key EUR/USD levels?
Hourly RSI is in oversold territory at 19 with ADX at 30. The hourly 200 SMA sits at 1.3726 and sloping lower, with the 20D EMA at 1.3704 and climbing. With spot having broken below the daily pivot support levels, S3 at 1.3715 now turns into resistance, with support below seen at 1.3612 (Dec 20 low), 1.3526 (Dec ow) and also the weekly PP S2.