23 Dec 2015
EUR/USD dips below 1.0900
FXStreet (Córdoba) - EUR/USD pushed a tad lower and printed fresh daily lows during the New York session with the dollar getting a boost from better-than-expected confidence data amid thin liquidity.
EUR/USD dipped below the 1.0900 level and hit a daily low of 1.0873, erasing almost completely previous weekly gains. EUR/USD had reached a high of 1.0983 on Tuesday but faltered ahead of the 1.10 mark. Having lost more than a hundred pips ever since, the pair is currently trading at 1.0880, down 0.68% on the day.
With markets in holiday-mode and no top-tier data in the calendar, majors are expected to trade directionless within their recent ranges over the next sessions.
EUR/USD levels to watch
As for technical levels, next supports are seen at 1.0828 (21-day SMA), 1.0795 (Dec 7 low), 1.0700 (psychological level) and 1.0635 (Dec 1 & 2 highs). On the flip side, resistances could be found at 1.1010 (Dec 10 high), the 1.1055-66 area (100-day SMA/50-week SMA) and then 1.1095 (Oct 28 high).
EUR/USD dipped below the 1.0900 level and hit a daily low of 1.0873, erasing almost completely previous weekly gains. EUR/USD had reached a high of 1.0983 on Tuesday but faltered ahead of the 1.10 mark. Having lost more than a hundred pips ever since, the pair is currently trading at 1.0880, down 0.68% on the day.
With markets in holiday-mode and no top-tier data in the calendar, majors are expected to trade directionless within their recent ranges over the next sessions.
EUR/USD levels to watch
As for technical levels, next supports are seen at 1.0828 (21-day SMA), 1.0795 (Dec 7 low), 1.0700 (psychological level) and 1.0635 (Dec 1 & 2 highs). On the flip side, resistances could be found at 1.1010 (Dec 10 high), the 1.1055-66 area (100-day SMA/50-week SMA) and then 1.1095 (Oct 28 high).