OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD retreated from Asian highs, but still above 1.27

FXStreet (Moscow) - EUR/USD retreated from Asian high at 1.2768 reaching current 1.2710 area.

The broad-based USD weakness still persists, helping the pair to settle above 1.27 area. However, the pair will have new food for thoughts today, as German ZEW index is scheduled for release. Last time, the indicator fell to the levels, not seen from December, 2012. If this downtrend continues, the pair may finally react to the series of disappointing data out of Germany, and send the pair lower with initial target at 1.2661 support.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.2711, with support below at 1.2661, 1.2570 and 1.2520, with resistance above at 1.2802, 1.2852 and 1.2943. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2651 and the daily 20EMA flat at 1.2752. Hourly RSI is bullish at 54.

India WPI Inflation declined to 2.38% in September from previous 3.74%

Read more Previous

France Inflation ex-tobacco (MoM) dipped from previous 0.5% to -0.4% in September

Read more Next
Start livechat