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27 Nov 2014
EUR/USD fails to regain 1.2500
FXStreet (Córdoba) - EUR/USD bounced off daily lows and trimmed losses incurred in the wake of disappointing Eurozone data and dovish comments from Draghi, but the recovery has been capped by the 1.2500 level so far.
EUR/USD fell over half a cent during the European session but found support at the 1.2465 zone and managed to recover some ground despite below-expectations German CPI figures. At time of writing, the pair is trading at 1.2480, still 0.19% below its opening price.
EUR/USD levels to watch
If EUR/USD manages to regain 1.2500, next resistances could be found at 1.2530 (Nov 26 high) and 1.2567 (Nov 21 high). On the flip side, supports are seen at 1.2465 (Nov 27 low), 1.2443 (Nov 26 low) and 1.2400 (Nov 25 low/psychological level).
EUR/USD fell over half a cent during the European session but found support at the 1.2465 zone and managed to recover some ground despite below-expectations German CPI figures. At time of writing, the pair is trading at 1.2480, still 0.19% below its opening price.
EUR/USD levels to watch
If EUR/USD manages to regain 1.2500, next resistances could be found at 1.2530 (Nov 26 high) and 1.2567 (Nov 21 high). On the flip side, supports are seen at 1.2465 (Nov 27 low), 1.2443 (Nov 26 low) and 1.2400 (Nov 25 low/psychological level).