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31 Dec 2014
EUR/USD steadies near day’s low
FXStreet (Mumbai) - The single currency traded flat versus the US dollar, heading towards the European opening bells, wiping out gains seen in the early Asian morning.
Currently, the EUR/USD pair trades unchanged at 1.2153 close to daily lows of 1.2151 levels, retreating from intraday high of 1.2170 hit in the Asian morning.
EUR/USD is seen trading in a narrow range in absence of fresh triggers as traders are away on year-end holidays. The Euro gave up previous gains as the US dollar regained footing against major counterparts. The dollar index, which measures the greenback’s value against six major currencies, trades now at 90.32, up 0.06% on the day, having previously posted days low at 90.16.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2170 (Today’s High) levels, above which gains could be extended to 1.2188 (Dec 30 High) levels. On the flip side, support is seen at 1.21 levels, below which it could extend losses to 1.2041 (July 2012) levels.
Currently, the EUR/USD pair trades unchanged at 1.2153 close to daily lows of 1.2151 levels, retreating from intraday high of 1.2170 hit in the Asian morning.
EUR/USD is seen trading in a narrow range in absence of fresh triggers as traders are away on year-end holidays. The Euro gave up previous gains as the US dollar regained footing against major counterparts. The dollar index, which measures the greenback’s value against six major currencies, trades now at 90.32, up 0.06% on the day, having previously posted days low at 90.16.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2170 (Today’s High) levels, above which gains could be extended to 1.2188 (Dec 30 High) levels. On the flip side, support is seen at 1.21 levels, below which it could extend losses to 1.2041 (July 2012) levels.