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10 Dec 2014
EUR/USD trades under 1.24 levels
FXStreet (Mumbai) - EUR/USD traded almost unchanged from the Asian trading, facing a stiff resistance at 1.24 levels.
The EUR/USD pair trades steady at 1.2383 levels, marginally 0.08% higher, compared to previous session close of 1.2375. The Euro is likely to remain elevated in a data-light session today, ahead of Germany’s CPI and ECB’s TLTRO to be released tomorrow.
Moreover, the Euro remains supported as US dollar continues to weaken against its major counterparts.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2448 (Dec 9 High) levels, above which gains could be extended to 1.2471 (Nov 7 High) levels. On the flip side, support is seen at 1.2337 (100-day SMA) levels, below which it could extend losses to 1.23 levels.
The EUR/USD pair trades steady at 1.2383 levels, marginally 0.08% higher, compared to previous session close of 1.2375. The Euro is likely to remain elevated in a data-light session today, ahead of Germany’s CPI and ECB’s TLTRO to be released tomorrow.
Moreover, the Euro remains supported as US dollar continues to weaken against its major counterparts.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2448 (Dec 9 High) levels, above which gains could be extended to 1.2471 (Nov 7 High) levels. On the flip side, support is seen at 1.2337 (100-day SMA) levels, below which it could extend losses to 1.23 levels.