22 Dec 2014
EUR/USD bounces off 1.2250; back to 1.2270
FXStreet (San Francisco) - In a quiet trading session, the EUR/USD was declining gradually from 1.2270 until it found support at 1.2250 right after the highest Chicago Fed National Activity since February 2013 as the index rose to 0.73 in November.
Following data, the EUR/USD bounced off 1.2250 and it is now trading back at 1.2260. Currently, EUR/USD is trading at 1.2265, up 0.30% on the day, having posted a daily high at 1.2274 and low at 1.2219.
EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD levels
If the pair manages to extend bounce, it will find resistances at 1.2270, 1.2290 and 1.2300. To the downside, supports are at 1.2250, 1.2235 and 1.2215.
Following data, the EUR/USD bounced off 1.2250 and it is now trading back at 1.2260. Currently, EUR/USD is trading at 1.2265, up 0.30% on the day, having posted a daily high at 1.2274 and low at 1.2219.
EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/USD levels
If the pair manages to extend bounce, it will find resistances at 1.2270, 1.2290 and 1.2300. To the downside, supports are at 1.2250, 1.2235 and 1.2215.