14 Nov 2014
EUR/USD tumbles after US data
FXStreet (Córdoba) - EUR/USD plummeted after US economic data and fell from 1.2440 to 1.2401, hitting the lowest price since Tuesday. The pair remains near the lows, with the 1.2400 area under pressure.
The US Census Bureau informed that retail sales rose 0.3% in October following a flat reading in September, and above the 0.2% expected. Greenback gained momentum across the board after the report, reaching fresh highs.
EUR/USD weak after breaking short term support
The pair broke the 1.2420/25 area that offered support on Wednesday and Thursday and was an important short term support, that now is a potential resistance if the euro recovers. Below 1.2400, the next support could lie at 1.2385 and 1.2365 (Nov 6 low).
The US Census Bureau informed that retail sales rose 0.3% in October following a flat reading in September, and above the 0.2% expected. Greenback gained momentum across the board after the report, reaching fresh highs.
EUR/USD weak after breaking short term support
The pair broke the 1.2420/25 area that offered support on Wednesday and Thursday and was an important short term support, that now is a potential resistance if the euro recovers. Below 1.2400, the next support could lie at 1.2385 and 1.2365 (Nov 6 low).