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EUR/USD comes closer to 1.25 support again

FXStreet (Moscow) - EUR/USD retreated from 1.2530 intraday high, but is still trading above 1.25.

The pair is slow, but purposeful in its movement lower, as rate differential theme is on the agenda these days. The looming ECB meeting with the following Draghi’s conference only add the oil to the fire, as recent reports proved weak inflationary pressure in the euro zone. These expectations may leave the euro under pressure these days with possibility of moving lower to 1.2448 support.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.2482, with support below at 1.2448, 1.2406 and 1.2372, with resistance above at 1.2524, 1.2558 and 1.2600. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.2632 and the daily 20EMA bearish at 1.2673. Hourly RSI is bearish at 49.

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