31 May 2013
EUR/USD hits fresh lows after Chicago PMI, confidence data
FXstreet.com (Córdoba) - The euro fell to fresh daily lows versus the greenback as the latter strengthened further in the wake of better-than-expected Chicago PMI and consumer confidence data.
Following a bounce attempt that was capped by the 1.3015 area, EUR/USD resumed its daily fall and dropped to a low of 1.2962 in recent dealings. The pair is currently trading at the 1.2970 zone, where it posts a 0.6% loss on the day.
If EUR/USD breaks below 1.2960, next support levels are seen at 1.2935 (May 30 low) and 1.2900 (psychological level). On the other hand, resistances could be found at 1.3020 (200-day SMA) and 1.3060 (daily high).
Following a bounce attempt that was capped by the 1.3015 area, EUR/USD resumed its daily fall and dropped to a low of 1.2962 in recent dealings. The pair is currently trading at the 1.2970 zone, where it posts a 0.6% loss on the day.
If EUR/USD breaks below 1.2960, next support levels are seen at 1.2935 (May 30 low) and 1.2900 (psychological level). On the other hand, resistances could be found at 1.3020 (200-day SMA) and 1.3060 (daily high).