4 Mar 2015
EUR/USD hits fresh 11-year lows
FXStreet (Córdoba) - EUR/USD came under renewed pressure at the beginning of the American session and printed fresh 11-year lows.
After showing little interest in US ADP private employment figures, EUR/USD faced selling interest and broke below the low scored on Jan 26 and fell to its lowest level since Sept 2003 at 1.1080 so far.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.1090 zone, recording a 0.75% loss on the day, with immediate supports lining up 1.1045 (Sep 8 2003 low) and 1.1000 (psychological level). Meanwhile, resistances on bounces are seen at 1.1185 (daily high) 1.1217 (Mar 3 high) and 1.1244 (Feb 27 high).
After showing little interest in US ADP private employment figures, EUR/USD faced selling interest and broke below the low scored on Jan 26 and fell to its lowest level since Sept 2003 at 1.1080 so far.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.1090 zone, recording a 0.75% loss on the day, with immediate supports lining up 1.1045 (Sep 8 2003 low) and 1.1000 (psychological level). Meanwhile, resistances on bounces are seen at 1.1185 (daily high) 1.1217 (Mar 3 high) and 1.1244 (Feb 27 high).