Euro jumps in Forex Trading vs US Dollar on PMI Manufacturing data

2014.01.23 13:30 6:30AM ET | EURUSD Currency Pair

SC EURUSD 2014.01.23

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading sharply over the daily pivot point at the 1.36360 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.36460 while the low of day has reached to 1.35296. The pair earlier today opened the Asian trading session below the daily pivot and has trended sharply higher as better than expected manufacturing PMI data was released from the Eurozone.

French, German and the overall Eurozone all had better than expected purchasing manager’s index manufacturing data today and has boosted the euro in trading against the dollar this morning. Prices are currently trading above the R3 resistance level and over the 1.3600 threshold.

Daily Pivot Point: 1.35544
— S1 – 1.35260
— S2 – 1.35055
— S3 – 1.34771
— R1 – 1.35749
— R2 – 1.36033
— R3 – 1.36238


Weekly Pivot Points: EURUSD

SC EURUSD 2014.01.23

Prices are currently trading over the weekly pivot point at time of writing. The EURUSD is now on an overall bullish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.35847
— S1 – 1.34708
— S2 – 1.34023
— S3 – 1.32884
— R1 – 1.36532
— R2 – 1.37671
— R3 – 1.38356


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