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EUR/USD clinging to gains around 1.1480

01/14/2019
at 7:57 AM

The pair started around 1.1480 in the week near the 100 day SMA while negative Chinese trade figures led sellers back to market in 2018.

However, Chinese exports and importations have unpredictably contracted at 4.4% and 7.6% respectively scaring to investors and added the growing view that there might be a pullback in the Asian economy.

The only release today will be the information in Euro- Land, the figures for industrial production in November.

Technical Levels to Consider

Immediate support for the pair lies at 1.1450 ahead of 1.1420 and then 1.1360. On the flip side, immediate resistance is pegged at 1.1510 ahead of 1.1550 and then 1.1620.

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