Back
15 Dec 2014
EUR/USD trades flat ahead of European session
FXStreet (Mumbai) - The US dollar erased gains from the Asian session against the single currency, as markets await cues from European trading for any further moves on the pair.
The EUR/USD pair trades modestly flat now at 1.2467 levels, after having previously posted day’s low of 1.2434. The Euro remains subdued against the US dollar before a data-light European session as investors now focus on US industrial production numbers for further directions on EUR/USD.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2478 (Dec 14 High) levels, above which gains could be extended to 1.2496 (Dec 11 High) levels. On the flip side, support is seen at 1.2429 (50-day SMA) levels, below which it could extend losses to 1.2408 (100-day SMA) levels.
The EUR/USD pair trades modestly flat now at 1.2467 levels, after having previously posted day’s low of 1.2434. The Euro remains subdued against the US dollar before a data-light European session as investors now focus on US industrial production numbers for further directions on EUR/USD.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2478 (Dec 14 High) levels, above which gains could be extended to 1.2496 (Dec 11 High) levels. On the flip side, support is seen at 1.2429 (50-day SMA) levels, below which it could extend losses to 1.2408 (100-day SMA) levels.