30 Dec 2013
EUR/USD consolidates around 1.3750
FXstreet.com (Córdoba) - The EUR/USD entered a quieter phase Monday after hitting a fresh 2-year high of 1.3891 and pulling back sharply Friday amid thin trading conditions.
The EUR/USD opened the day a tad higher but then resumed the decline to a low of 1.3727 before finding support and settling in a range. At time of writing, the EUR/USD is trading at the 1.3755 zone, a few pips above its opening price, with no first tier data scheduled until US November pending home sales at 15:00 GMT.
EUR/USD levels to watch
As for technical levels, the EUR/USD could find immediate supports at 1.3727 (daily low), 1.3700 (psychological level) and 1.3685 (Dec 27 low). On the other hand, resistances could be found at 1.3800 (psychological level), 1.3832 (Oct 25 high) and 1.3891 (Dec 27 high).
The EUR/USD opened the day a tad higher but then resumed the decline to a low of 1.3727 before finding support and settling in a range. At time of writing, the EUR/USD is trading at the 1.3755 zone, a few pips above its opening price, with no first tier data scheduled until US November pending home sales at 15:00 GMT.
EUR/USD levels to watch
As for technical levels, the EUR/USD could find immediate supports at 1.3727 (daily low), 1.3700 (psychological level) and 1.3685 (Dec 27 low). On the other hand, resistances could be found at 1.3800 (psychological level), 1.3832 (Oct 25 high) and 1.3891 (Dec 27 high).