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Alert - 15:40 (CET) - EurUsd
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In the US session opening, the Dollar kept itself lower than yesterday’s close, 1.2650, against the Euro. After the TIC flows reading was larger than expected, the condition of the greenback as a safe haven currency in uncertain times is once against confirmed.
The EurUsd trading at 1.2642, ranging from 1.2573 to 1.2687. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The supports are watched at 1.2500 (key), 1.2324 (January 2006 high) and 1.2000 (key). The resistance are at 1.2733 (October 23rd high), 1.3000 (key) and 1.3353 (October 21st high).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 51 points, rebounding from the oversold area. The average volatility per hour is 30 pips. Checking the daily graphics, we see that the current price is under the 38.20% (1.3063) and over the 50.00% (1.2141) Fibonacci retracement lines.
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