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30 Dec 2014
EUR/USD loses its mojo and returns to 1.2150
FXStreet (San Francisco) - After an attempt to recover ground beyond 1.2180, EUR/USD was rejected again and now trades around 1.2150.
Currently, EUR/USD is trading at 1.2153, down -0.01% on the day, having posted a daily high at 1.2188 and low at 1.2124. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.
EUR/USD sentiment
"From a technical perspective," FXStreet's Valeria Bednarik comments, "the EUR/USD pair set a lower low for the year at 1.2134 whilst the intraday recovery stalled around 1.2185, maintaining its bearish trend into 2015."
Below the 1.2150, the pair will find next supports at 1.2125 and 1.2080. To the upside, resistances are at 1.2175, 1.2185 and 1.215.
Currently, EUR/USD is trading at 1.2153, down -0.01% on the day, having posted a daily high at 1.2188 and low at 1.2124. EUR/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.
EUR/USD sentiment
"From a technical perspective," FXStreet's Valeria Bednarik comments, "the EUR/USD pair set a lower low for the year at 1.2134 whilst the intraday recovery stalled around 1.2185, maintaining its bearish trend into 2015."
Below the 1.2150, the pair will find next supports at 1.2125 and 1.2080. To the upside, resistances are at 1.2175, 1.2185 and 1.215.