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19 Sep 2014
EUR/USD hits fresh 14-month lows
FXStreet (Córdoba) - EUR/USD pushed even lower and posted fresh 14-month lows, completing a roundtrip to the 1.2930 area from yesterday's lows.
EUR/USD was rejected by the 1.2930 and resumed its broader bearish trend, stretching to 1.2830 - its lowest since July 10 2013 - ahead of the end of the week. However, EUR/USD bears have lacked determination to push the pair decisively lower, leaving the pair hovering around 1.2940, where it records a 0.63% loss in the day and on track to post its ninth fall in ten weeks.
EUR/USD technical levels
As for technical levels, if EUR/USD breaks below 1.2830, next supports could be found at 1.2800 (psychological level) and 1.2785 (61.8% Fibo of 1.2042 - 1.3993). On the other hand, resistances are seen at 1.2930 (Sept 18 high) and 1.2980 (Sept 17 high) ahead of 1.3000 (round level).
EUR/USD was rejected by the 1.2930 and resumed its broader bearish trend, stretching to 1.2830 - its lowest since July 10 2013 - ahead of the end of the week. However, EUR/USD bears have lacked determination to push the pair decisively lower, leaving the pair hovering around 1.2940, where it records a 0.63% loss in the day and on track to post its ninth fall in ten weeks.
EUR/USD technical levels
As for technical levels, if EUR/USD breaks below 1.2830, next supports could be found at 1.2800 (psychological level) and 1.2785 (61.8% Fibo of 1.2042 - 1.3993). On the other hand, resistances are seen at 1.2930 (Sept 18 high) and 1.2980 (Sept 17 high) ahead of 1.3000 (round level).