5 Dec 2014
EUR/USD hovers around 1.23 after fresh lows
FXStreet (Córdoba) - EUR/USD remains under pressure, trading just below the 1.23 mark, as investors continues to assess stellar US jobs figures.
Sellers retook control on the back of nonfarm payrolls big beat, dragging EUR/USD to a fresh 2014 low after Draghi offered the euro brief relief Thursday. The pair bottomed out at 1.2270 but the subsequent bounce has been capped by 1.2305, leaving EUR/USD trading around 1.2289, 0.71% below its opening price.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate supports at 1.2370 (2014 low Dec 5), 1.2255 (Aug 16 2012 low) and 1.2240 (Aug 10 2012 low). On the flip side, resistances could be found at 1.2305 (intraday level), 1.2392 (Dec 5 high) and 1.2417 (10-day SMA).
Sellers retook control on the back of nonfarm payrolls big beat, dragging EUR/USD to a fresh 2014 low after Draghi offered the euro brief relief Thursday. The pair bottomed out at 1.2270 but the subsequent bounce has been capped by 1.2305, leaving EUR/USD trading around 1.2289, 0.71% below its opening price.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate supports at 1.2370 (2014 low Dec 5), 1.2255 (Aug 16 2012 low) and 1.2240 (Aug 10 2012 low). On the flip side, resistances could be found at 1.2305 (intraday level), 1.2392 (Dec 5 high) and 1.2417 (10-day SMA).