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EUR/USD pressured by the buck, and may get some from ZEW

FXStreet (Moscow) - EUR/USD goes further down posting 1.3360 session low by the moment.

Let it be 8 months!

The stronger USD kept the euro under pressure from the early Asia, and in Europe the move may be exacerbated. The euro zone publishes the key report for the day, as British and American releases are mostly third-tier data. The scheduled for release ZEW data may trigger some volatility in the currency market, as the health of the German economy is in focus for the moment. The index shows gradual decline from December, 2013 high with 7 months of disappointments in a row, and if the trend continues, the pair may come under pressure again with initial target at 1.3339 support level.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.3392, with support below at 1.3372, 1.3359 and 1.3339, with resistance above at 1.3405, 1.3425, and 1.3438. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.3390 and the daily 20EMA bearish at 1.3445. Hourly RSI is bearish at 34.

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