18 Dec 2014
EUR/USD approaches 2014 lows
FXStreet (Córdoba) - EUR/USD weakened during the last hours and dropped to 1.2264, reaching a fresh weekly low after another decline in US initial jobless claims. The pair approached 2014 low that lie at 1.2246.
Currently the euro is trading below 1.2280 as it remains under pressure amid expectations of more announcements by the European Central Bank in the next meeting. The currency has been unable to appreciate despite the fact that European markets are rising sharply, with the Dax up 2.20% and the Cac 40 climbing 2.77%
EUR/USD significant reversal
Last week, before rising above 1.2500, bottomed at 1.2245, reaching the lowest price since August 2012. On Tuesday EUR/USD peaked at 1.2569 and since then dropped more than 300 pips.
Currently the euro is trading below 1.2280 as it remains under pressure amid expectations of more announcements by the European Central Bank in the next meeting. The currency has been unable to appreciate despite the fact that European markets are rising sharply, with the Dax up 2.20% and the Cac 40 climbing 2.77%
EUR/USD significant reversal
Last week, before rising above 1.2500, bottomed at 1.2245, reaching the lowest price since August 2012. On Tuesday EUR/USD peaked at 1.2569 and since then dropped more than 300 pips.