18 May 2015
EUR/USD challenges 1.1300 level
FXStreet (Córdoba) - EUR/USD lost more than a hundred pips on Monday and briefly slipped below the 1.1300 level during the American afternoon, as the dollar staged a broad comeback after hitting multi-month lows across the board.
EUR/USD pulled back from a 3-month peak of 1.1446 and fell all the way to a low of 1.1298 with growing concerns about Greece weighing on the shared currency amid signs of possible disagreement between the IMF and European Commission. At time of writing, the pair is trading at 1.1308, recording a 1.2% loss on the day.
EUR/USD technical levels
A decisive break below 1.1300 could pave the way for a test of 1.1200 (psychological level/May 13 low) and 1.1185 (100-day SMA). On the other hand, immediate resistances are seen at 1.1448 (daily high) and 1.1465 (May 15 high).
EUR/USD pulled back from a 3-month peak of 1.1446 and fell all the way to a low of 1.1298 with growing concerns about Greece weighing on the shared currency amid signs of possible disagreement between the IMF and European Commission. At time of writing, the pair is trading at 1.1308, recording a 1.2% loss on the day.
EUR/USD technical levels
A decisive break below 1.1300 could pave the way for a test of 1.1200 (psychological level/May 13 low) and 1.1185 (100-day SMA). On the other hand, immediate resistances are seen at 1.1448 (daily high) and 1.1465 (May 15 high).