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12 Dec 2014
EUR/USD tailing back from the highs into the close
FXStreet (Guatemala) - EUR/USD is trading at 1.2452, up 0.51% on the day, having posted a daily high at 1.2486 and low at 1.2384.
EUR/USD is tailing away from the highs towards the end of the US session having made ground on the back of a weaker greenback into the closing hours this week. Meanwhile, from Europe, the data wasn’t that encouraging but focus continues to come out of Greece in a general risk off environment.
From the US, it was a bad day in oil again, yields lower, stocks down and benign US data with only PPI’s disappointing and the Michigan sentiment beating expectations and giving the buck a mere 30-pip boost. We now turn attentions to Japan snap elections this weekend and then next weeks CPI’s for both EZ and the US and the FOMC showdown.
EUR/USD short term technical
The technical have been mixed and are starting to indicate more downside towards 1.2400. A penetration of this level would expose the 9‐day MA at 1.2372 before 1.2320 support and bring back the bearish trend into full effect.
EUR/USD is tailing away from the highs towards the end of the US session having made ground on the back of a weaker greenback into the closing hours this week. Meanwhile, from Europe, the data wasn’t that encouraging but focus continues to come out of Greece in a general risk off environment.
From the US, it was a bad day in oil again, yields lower, stocks down and benign US data with only PPI’s disappointing and the Michigan sentiment beating expectations and giving the buck a mere 30-pip boost. We now turn attentions to Japan snap elections this weekend and then next weeks CPI’s for both EZ and the US and the FOMC showdown.
EUR/USD short term technical
The technical have been mixed and are starting to indicate more downside towards 1.2400. A penetration of this level would expose the 9‐day MA at 1.2372 before 1.2320 support and bring back the bearish trend into full effect.