Forex: EUR/USD oscillates around 1.3200 amid thin volume
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - After a day of inactivity due to the Christmas holiday, FX markets resumed trading on Wednesday although amid thin liquidity as European markets remain closed.
Against this backdrop, the euro managed to move slightly higher versus the dollar and briefly climbed above the 1.3200 mark to hit a high of 1.3219. However, EURUSD quickly lost momentum and retreated to the 1.3190 zone.
At time of writing, EURUSD is trading around 1.3195/1.3200, still up 0.2% on the day. As for technical levels, immediate resistances are seen at 1.3250 (Dec 31 high), 1.3300 (psychological level) and 1.3308 (Dec 19 high), while on the downside, supports are seen at 1.3170 (intraday low), 1.3155 (Dec 18 low) and 1.3120.
Looking ahead, at 14:00GMT there is the Case Shiller House Price index at 14:00GMT and the Richmond Fed Manufacturing at 15:00GMT, but thin volume is likely to persist.
Against this backdrop, the euro managed to move slightly higher versus the dollar and briefly climbed above the 1.3200 mark to hit a high of 1.3219. However, EURUSD quickly lost momentum and retreated to the 1.3190 zone.
At time of writing, EURUSD is trading around 1.3195/1.3200, still up 0.2% on the day. As for technical levels, immediate resistances are seen at 1.3250 (Dec 31 high), 1.3300 (psychological level) and 1.3308 (Dec 19 high), while on the downside, supports are seen at 1.3170 (intraday low), 1.3155 (Dec 18 low) and 1.3120.
Looking ahead, at 14:00GMT there is the Case Shiller House Price index at 14:00GMT and the Richmond Fed Manufacturing at 15:00GMT, but thin volume is likely to persist.
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