11 Feb 2015
EUR/USD drops below 1.1300
FXStreet (Córdoba) - EUR/USD came under pressure at the beginning of the New York session and printed fresh daily lows sub-1.1300 as the dollar strengthened broadly.
USD/JPY breaking above 120.00 along with Fed’s Fisher hawkish comments may have fueled USD strength, which dragged EUR/USD below the 1.13 mark to low of 1.1286 in recent dealings. At time of writing, the euro is trading at 1.1290, recording a 0.26% loss on the day.
EUR/USD levels to watch
As for technical levels, immediate supports are seen at 1.1286 (daily low), 1.1269 (Feb 9 low) and 1.1223 (Jan 27 low). On the other hand, resistances could be found at 1.1330 (daily high) and 1.1395 (21-day SMA).
USD/JPY breaking above 120.00 along with Fed’s Fisher hawkish comments may have fueled USD strength, which dragged EUR/USD below the 1.13 mark to low of 1.1286 in recent dealings. At time of writing, the euro is trading at 1.1290, recording a 0.26% loss on the day.
EUR/USD levels to watch
As for technical levels, immediate supports are seen at 1.1286 (daily low), 1.1269 (Feb 9 low) and 1.1223 (Jan 27 low). On the other hand, resistances could be found at 1.1330 (daily high) and 1.1395 (21-day SMA).