Forex: EUR/USD back to early Monday levels
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency is sharply lower against the greenback on Wednesday, after the deal on the Greek debt was once more delayed. The cross has trimmed all gains made since Monday, posting fresh lows below 1.2740 overnight.
The EU finance ministers meeting resulted in another fiasco, and apparently now the FX community would have to wait until next Monday, where another gathering would go through dissenting details.
As of writing, the cross is down 0.45% at 1.2758 facing the next support at 1.2747(MA10d) followed by 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
On the flip side, a break above 1.2836 (MA21d) would expose 1.2876 (high Nov.7) and 1.2950 (high Nov.2).
The EU finance ministers meeting resulted in another fiasco, and apparently now the FX community would have to wait until next Monday, where another gathering would go through dissenting details.
As of writing, the cross is down 0.45% at 1.2758 facing the next support at 1.2747(MA10d) followed by 1.2730 (low Nov.19) and then 1.2691 (low Nov.16).
On the flip side, a break above 1.2836 (MA21d) would expose 1.2876 (high Nov.7) and 1.2950 (high Nov.2).
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