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Forex pairs in this Article » EUR/USD
FXStreet (Córdoba) - The EUR/USD finally woke up from its lethargic phase and broke to the downside at the beginning of the American session in a bout of risk aversion amid political tensions.

The EUR/USD broke below the 1.3700 mark and through the 1.3680 support area, dipping to a low of 1.3668 before finding support. Better than expected US new home sales for January also helped to boost the greenback. At time of writing, the EUR/USD is trading at the 1.3675 zone, recording a 0.5% loss on the day.

"The complacency which has enveloped markets in recent sessions appears to slipping away as headlines from Ukraine grab the market's attention", said Jamie Coleman, Editor at FXBeat. "Fears that Russia may launch a crackdown in its former Soviet republic are building while the EU says it is ready to step in, where needed".

EUR/USD levels to watch

In terms of technical levels, the EUR/USD could find immediate supports at 1.3650 (50-day SMA) and 1.3623 (100-day SMA). On the upside, resistances are seen at 1.3770 (Feb 24 high) and 1.3800 (psychological level).
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