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30 Dec 2014
EUR/USD consolidates near daily highs
FXStreet (Córdoba) - EUR/USD is going through a consolidation phase after recovering from a fresh 29-month low, but still capped by the 100-hour SMA, with a disappointing reading US consumer confidence having little impact on the dollar.
Political uncertainty in Greece added pressure to an already weak euro and sent EUR/USD to a fresh 2014 low of 1.2123 before staging a mild recovery that faltered at 1.2185. The pair is currently trading at the 1.2175 zone, recording a 0.20% gain on the day.
EUR/USD levels to watch
In terms of technical levels, next resistances line up at 1.2185 (daily high), 1.2220 (Dec 29 high) and 1.2245 (Dec 23 high). On the flip side, supports are seen at 1.2123 (2014 low Dec 30), 1.2118 (Jul 26 2012 low) and 1.2100 (psychological level).
Political uncertainty in Greece added pressure to an already weak euro and sent EUR/USD to a fresh 2014 low of 1.2123 before staging a mild recovery that faltered at 1.2185. The pair is currently trading at the 1.2175 zone, recording a 0.20% gain on the day.
EUR/USD levels to watch
In terms of technical levels, next resistances line up at 1.2185 (daily high), 1.2220 (Dec 29 high) and 1.2245 (Dec 23 high). On the flip side, supports are seen at 1.2123 (2014 low Dec 30), 1.2118 (Jul 26 2012 low) and 1.2100 (psychological level).