7 Jan 2015
EUR/USD threatens 1.1800
FXStreet (Córdoba) - EUR/USD made marginal new lows and continues to move toward the 1.1800 area as strong US data and negative Eurozone CPI weighed further on the pair.
EUR/USD remains on downtrend, printing lower highs and lower lows on daily basis pressured by divergent monetary policies outlooks in the US and the Eurozone, with the euro having scored a fresh 9-year trough of 1.1802 so far today. If EUR/USD breaks below the 1.1800 psychological level, next target would be 1.1777, which is Dec 30 2005 low.
At time of writing, EUR/USD is trading at 1.1805, recording a 0.69% loss on the day, as investors also await for clues from the FOMC meeting minutes, to be published at 19:00 GMT.
EUR/USD remains on downtrend, printing lower highs and lower lows on daily basis pressured by divergent monetary policies outlooks in the US and the Eurozone, with the euro having scored a fresh 9-year trough of 1.1802 so far today. If EUR/USD breaks below the 1.1800 psychological level, next target would be 1.1777, which is Dec 30 2005 low.
At time of writing, EUR/USD is trading at 1.1805, recording a 0.69% loss on the day, as investors also await for clues from the FOMC meeting minutes, to be published at 19:00 GMT.