18 Dec 2014
EUR/USD moves off lows but lacks momentum
FXStreet (Córdoba) - EUR/USD briefly dropped below the 1.2300 level and hit a fresh 10-day low of 1.2277, from where it bounced to trim intraday losses.
EUR/USD managed to move off lows but the recovery lacked follow-through as the euro remains vulnerable amid prospects the ECB might take additional easing measures next month. At time of writing, the pair is trading at 1.2310, recording a 0.24% loss on the day.
EUR/USD levels to watch
As for technical levels, EUR/USD could find immediate resistances at 1.2350 (daily high), 1.2400 (psychological level) and 1.2415 (21-day SMA). On the other hand, supports could be found at 1.2277 (daily low), 1.2247 (2014 low Dec 8) and 1.2200 (psychological level).
EUR/USD managed to move off lows but the recovery lacked follow-through as the euro remains vulnerable amid prospects the ECB might take additional easing measures next month. At time of writing, the pair is trading at 1.2310, recording a 0.24% loss on the day.
EUR/USD levels to watch
As for technical levels, EUR/USD could find immediate resistances at 1.2350 (daily high), 1.2400 (psychological level) and 1.2415 (21-day SMA). On the other hand, supports could be found at 1.2277 (daily low), 1.2247 (2014 low Dec 8) and 1.2200 (psychological level).