23 Dec 2014
EUR/USD makes fresh multi-month lows
FXStreet (Córdoba) - EUR/USD moved lower and hit marginal new lows as the greenback gained some support ahead of the New York opening.
EUR/USD inched lower and hit a low of 1.2209, last seen August 13 2012, amid thin market conditions and as investors await the next string of US data, including US GDP revision and November durable good orders.
Weighing on the euro was the failure of Greek Parliament to to pick a president in the second vote, where Samaras’s candidate Stavros Dimas got 168 votes (versus 131), short of the 180 needed. If the last vote on December 29th fails too, a general election will be called for early in the new year.
EUR/USD technical levels
At time of writing, EUR/USD is trading at 1.2215, recording a 0.11% loss on the day. On the downside, immediate supports are seen at 1.2200 (psychological level) and 1.2167 (Aug 3 2012 low). On the flip side, next resistances are seen at 1.2245 (daily high) and 1.2271 (Dec 22 high).
EUR/USD inched lower and hit a low of 1.2209, last seen August 13 2012, amid thin market conditions and as investors await the next string of US data, including US GDP revision and November durable good orders.
Weighing on the euro was the failure of Greek Parliament to to pick a president in the second vote, where Samaras’s candidate Stavros Dimas got 168 votes (versus 131), short of the 180 needed. If the last vote on December 29th fails too, a general election will be called for early in the new year.
EUR/USD technical levels
At time of writing, EUR/USD is trading at 1.2215, recording a 0.11% loss on the day. On the downside, immediate supports are seen at 1.2200 (psychological level) and 1.2167 (Aug 3 2012 low). On the flip side, next resistances are seen at 1.2245 (daily high) and 1.2271 (Dec 22 high).