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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - Given the uncertainty and the lack of progress surrounding the US 'fiscal cliff', the dollar strengthened as a safe-haven and advanced versus most competitors. Against this backdrop, EURUSD fell over 90 pips throughout the European session and hit a 1-week low of 1.3164 before finding support.

The shared currency managed to bounce off lows and recover little ground, although it was capped by the 1.3200 level. At time of writing, EURUSD is trading at the 1.3190 area, still 0.3% below its opening price.

As for technical levels, if the pair falls below the 1.3165/55 zone, next supports are seen at 1.3140 (Dec 17 low) and 1.3100. On the other hand, resistances could be found at 1.3200, 1.3225(20-hour SMA) and 1.3255 (intraday high).
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