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29 Dec 2014
EUR/USD lining up the yearly lows
FXStreet (Guatemala) - EUR/USD is trading at 1.2154, down -0.19% on the day, having posted a daily high at 1.2222 and low at 1.2143.
EUR/USD is trading back off from the 2-year low scored at 1.2142 in the US session. Any further tests and a break lower could lead to the pair losing the handle and bringing the July 2012 low into play a cent lower at 1.2042. On the charts, we are moving into oversold territory although momentum indicators offer further downside risk and the play is firmly in the hands of the bears.
EUR/USD noteworthy levels
Spot is presently trading at 1.2155, and next resistance can be seen at 1.2161 (Weekly Classic S1) and 1.2168. Support below can be found at 1.2154 (Weekly Classic S2), 1.2143 (Daily Low), 1.2140 (Weekly Classic S3), 1.2060 (3 Year Low) and 1.1924 (5 Year Low).
EUR/USD is trading back off from the 2-year low scored at 1.2142 in the US session. Any further tests and a break lower could lead to the pair losing the handle and bringing the July 2012 low into play a cent lower at 1.2042. On the charts, we are moving into oversold territory although momentum indicators offer further downside risk and the play is firmly in the hands of the bears.
EUR/USD noteworthy levels
Spot is presently trading at 1.2155, and next resistance can be seen at 1.2161 (Weekly Classic S1) and 1.2168. Support below can be found at 1.2154 (Weekly Classic S2), 1.2143 (Daily Low), 1.2140 (Weekly Classic S3), 1.2060 (3 Year Low) and 1.1924 (5 Year Low).