19 Dec 2014
EUR/USD remains flat, trades under 1.23 levels
FXStreet (Mumbai) - The Euro was little changed against the US dollar during the mid-European session, as traders mulled over a tighter current account surplus in the euro zone.
Currently, the EUR/USD pair trades flat at 1.2280 levels, after falling to more-than one week low levels yesterday. The pair is expected to trade in a tight range ahead of no economic releases from the US later in the day. However, the Euro may remain exposed to downside risk over growing global uncertainties over Greece, Ukraine and a recession-struck Japanese economy.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2342 levels, above which gains could be extended to 1.2406 levels. On the flip side, support is seen at 1.2264 (Dec 18 Low) levels, below which it could extend losses to 1.2245 (Dec 8 Low) levels.
Currently, the EUR/USD pair trades flat at 1.2280 levels, after falling to more-than one week low levels yesterday. The pair is expected to trade in a tight range ahead of no economic releases from the US later in the day. However, the Euro may remain exposed to downside risk over growing global uncertainties over Greece, Ukraine and a recession-struck Japanese economy.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2342 levels, above which gains could be extended to 1.2406 levels. On the flip side, support is seen at 1.2264 (Dec 18 Low) levels, below which it could extend losses to 1.2245 (Dec 8 Low) levels.