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Alert - 09:25 (CET) - EurUsd
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The Euro rebounded to 1.4100 levels, thanks to the good performance of the stocks in Asia and to the good start in of the European session. In a day with few macro data, the performance of the equities and commodities may be important in the what happens to the pair.
The EurUsd is trading at 1.4107, ranging between 1.3916 and 1.4134, over yesterday's close at 1.4134. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
After breaking the resistance at 1.4150, the traders are now watching 1.4310 (December 19th high) and 1.4719 (December 18th high). The supports are set at 1.3630 (December 16th low), 1.3251 (December 12th low) and 1.3000 (key).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 48 points, after being near the oversold area. The average volatility per hour is 440 pips. Checking the daily graphics, we see that the current price is over the 38.20% (1.3920) and under the 23.60% (1.4710) Fibonacci retracement lines.
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