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Alert - 10:10 (CET) - EurUsd
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The EurUsd is trading at 1.3615, ranging from 1.3544 to 1.3687. The current price is over yesterday's close at 1.3588. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The resistances are at 1.4174 (October 1st high), 1.4426 (September 30th high) and 1.4867 (September 22nd high). On the other hand, as the supports at 1.4000 (key) 1.3551 (September 11th low) were broken, they're still keeping an eye on the support at 1.3443 (October 6th low).
As a reaction to the historical financial sector rescue plano by the Bank of England (BoE), the major hit its intrahour high at 09:09 (CET) at 1.3687.
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 54 points, rebounding from the oversold area. The volatility per hour is 110 pips. Going with the daily graphics, we see that the current price is just under the 23.60% (1.4204) and over the 38.20% (1.3080) Fibonacci retracement lines.
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