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14 May 2015
EUR/USD holds onto 1.1400
FXStreet (Córdoba) - Despite a brief recovery attempt, the dollar extended its slide against the euro into a third consecutive day on Thursday.
EUR/USD reached a 3-month high of 1.1444 during the European session but pulled back after the release of better-than-expected US jobless claims. Later, comments from ECB Draghi pledging to implement quantitative easing program in full weighed further on the shared currency and sent EUR/USD back to the lower-side of its daily range at the 1.1340 zone.
However, USD recovery didn’t last and EUR/USD resumed the upside to currently trade at 1.1400, 0.42% above its opening price.
EUR/USD levels to watch
As for technical levels, EUR/USD could find immediate resistances at 1.1444 (daily high), 1.1485 (Feb 6 high) and 1.1500 (psychological level). On the downside, supports are seen at 1.1340 (daily low), 1.1252 (100-hour SMA) and 1.1202/00 (May 13 low/psychological level).
EUR/USD reached a 3-month high of 1.1444 during the European session but pulled back after the release of better-than-expected US jobless claims. Later, comments from ECB Draghi pledging to implement quantitative easing program in full weighed further on the shared currency and sent EUR/USD back to the lower-side of its daily range at the 1.1340 zone.
However, USD recovery didn’t last and EUR/USD resumed the upside to currently trade at 1.1400, 0.42% above its opening price.
EUR/USD levels to watch
As for technical levels, EUR/USD could find immediate resistances at 1.1444 (daily high), 1.1485 (Feb 6 high) and 1.1500 (psychological level). On the downside, supports are seen at 1.1340 (daily low), 1.1252 (100-hour SMA) and 1.1202/00 (May 13 low/psychological level).