Filed Under:
Forex pairs in this Article » EUR/USD (Córdoba) - The EUR/USD stretched a tad lower and printed a fresh daily low beneath the 100-hour SMA, although the euro has held pretty well against USD strength.

The EUR/USD fell to a low of 1.3744 as mixed US data and gold selloff triggered a greenback rally across the board amid renewed speculations of Fed taper ahead of the FOMC meeting next week. At time of writing, the EUR/USD is trading at the 1.3755 zone, recording a 0.2% loss on the day.

EUR/USD technical levels

As for technical levels, immediate supports are seen at 1.3740 (Dec 11 low) and 1.3700 (psychological level) followed by 1.3670 (10-day SMA). On the other hand, resistances line up at 1.3811 (Dec 11 high) and 1.3832 (this year high Oct 31) ahead of 1.3867 (Nov 9 2011 high).
comments powered by Disqus