Filed Under:
Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD dipped to fresh daily lows at the beginning of the American session after data showed US housing starts reached its highest rate in more than 5 years.

US housing starts rose 22.7% from October to a seasonally adjusted annual rate of 1,091,000, the Commerce Department reported. The greenback was propelled by data and dragged EUR/USD to a daily low of 1.3731. At time of writing, the EUR/USD is trading at the 1.3740 area, 0.2% below its opening price. With the calendar barely empty for the rest of the day, focus now returns to the Fed decision that will be published at 19:00GMT.

EUR/USD levels to watch

In terms of technical levels, the EUR/USD could face immediate supports at 1.3731 (daily low), 1.3722 (Dec 17 low) and 1.3708 (Dec 13 low). On the other hand, resistances are seen at 1.3777/81 (Dec 18 & 17 highs) ahead of 1.3811 (Dec 11 high) and the key 1.3832 (2013 high Oct 25).
comments powered by Disqus