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6 Jan 2015
EUR/USD wavers around 1.1900
FXStreet (Córdoba) - EUR/USD is wavering around the 1.1900 mark after mixed Eurozone PMIs and the risk-off environment put the pair under renewed pressure.
The euro dipped as low as 1.1883 versus the dollar but managed halt the decline a few pips above its 9-year through scored Monday at 1.1860. Political unrest in Greece and prospects the European Central Bank could launch a full-blown QE program later this month are keeping the euro undermined.
At time of writing, EUR/USD is trading at 1.1905, still 0.23% below its opening price, as investors await cues from the next series of US PMIs. Meanwhile, the Eurozone will publish December CPI figures on Wednesday, which are expected to show its first drop since 2009.
EUR/USD levels to watch
As for technical levels, if EUR/USD breaks below 1.1860, next supports are seen at 1.1826 (Feb 27 2006 low) and 1.1800 (psychological level). On the upside, immediate resistances could be found at 1.1975 (Jan 5 high) and 1.2000 (psychological level).
The euro dipped as low as 1.1883 versus the dollar but managed halt the decline a few pips above its 9-year through scored Monday at 1.1860. Political unrest in Greece and prospects the European Central Bank could launch a full-blown QE program later this month are keeping the euro undermined.
At time of writing, EUR/USD is trading at 1.1905, still 0.23% below its opening price, as investors await cues from the next series of US PMIs. Meanwhile, the Eurozone will publish December CPI figures on Wednesday, which are expected to show its first drop since 2009.
EUR/USD levels to watch
As for technical levels, if EUR/USD breaks below 1.1860, next supports are seen at 1.1826 (Feb 27 2006 low) and 1.1800 (psychological level). On the upside, immediate resistances could be found at 1.1975 (Jan 5 high) and 1.2000 (psychological level).