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9 Dec 2014
EUR/USD pushes through 1.24 toward fresh highs
FXStreet (Córdoba) - US dollar extended its decline versus major competitors and fell to fresh lows against the euro, despite in line with expectations US data.
EUR/USD broke decisively above 1.2400 and rose to a fresh high of 1.2444 as the greenback weakens across the board with the slump of USD/JPY leading the way. At time of writing, EUR/USD is trading at 1.2425, recording a 0.89% gain on the day.
Datawise, the JOLTS report showed US job openings rose from 4.735M to 4.830M in October, beating expectations, while IBD/TIPP Economic Optimism index climbed to 48.4 from 46.4 the previous month.
EUR/USD technical levels
1.2454 Dec 4 post-ECB high is immediate resistance to overcome, followed by the 1.2500 psychological level, while on the flip side,the 10-day SMA offers immediate support at 1.2400 followed by 2014 low of 1.2247.
EUR/USD broke decisively above 1.2400 and rose to a fresh high of 1.2444 as the greenback weakens across the board with the slump of USD/JPY leading the way. At time of writing, EUR/USD is trading at 1.2425, recording a 0.89% gain on the day.
Datawise, the JOLTS report showed US job openings rose from 4.735M to 4.830M in October, beating expectations, while IBD/TIPP Economic Optimism index climbed to 48.4 from 46.4 the previous month.
EUR/USD technical levels
1.2454 Dec 4 post-ECB high is immediate resistance to overcome, followed by the 1.2500 psychological level, while on the flip side,the 10-day SMA offers immediate support at 1.2400 followed by 2014 low of 1.2247.