3 Jan 2014
EUR/USD dips below 1.3600
FXstreet.com (Córdoba) - The EUR/USD took another step lower and printed a fresh 1-month low sub 1.3600 during the American afternoon, extending losses into a third consecutive day in a row and on track to post a 0.4% weekly decline.
Hawkish comments from the Fed's Plosser are helping the greenback, which dragged the EUR/USD to a low of 1.3592 in recent dealings. At time of writing, the EUR/USD is trading at the 1.3595 zone, 0.5% below its opening price. The EUR/USD has continued to move south this week, correcting recent gains after the pair scored an over 2-year peak of 1.3891 last week.
EUR/USD levels to watch
In terms of technical levels, if the EUR/USD breaks below 1.3592 (daily low), next supports could be found at 1.3542 (Dec 5 low), 1.3527 (100-day SMA) and 1.3500 (psychological level). On the flip side, resistances are seen at 1.3671 (daily high), 1.3700 (psychological level) and 1.3720 (20-day SMA).
Hawkish comments from the Fed's Plosser are helping the greenback, which dragged the EUR/USD to a low of 1.3592 in recent dealings. At time of writing, the EUR/USD is trading at the 1.3595 zone, 0.5% below its opening price. The EUR/USD has continued to move south this week, correcting recent gains after the pair scored an over 2-year peak of 1.3891 last week.
EUR/USD levels to watch
In terms of technical levels, if the EUR/USD breaks below 1.3592 (daily low), next supports could be found at 1.3542 (Dec 5 low), 1.3527 (100-day SMA) and 1.3500 (psychological level). On the flip side, resistances are seen at 1.3671 (daily high), 1.3700 (psychological level) and 1.3720 (20-day SMA).