The
past week was full of events that moved the markets. However the EUR/USD pair
finished the week in the well know area. The greenback was seen slightly higher
against the single currency, supported by the excellent PMIs numbers. The euro
stepped downwards depressed by ECB’s talking.
From technical viewpoint there is no significant change of the levels to watch
in the coming week. Immediate support is located at 1.1165 and resistance is
seen at 1.1250 and 1.1285. Technical indicators are not showing what is going
to follow next. Moving averages are very close to current price movement and
RSI is around 50. The momentum is positioned around 100 level, also failing to
point nothing significant.
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