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10 Dec 2014
EUR/USD gains, eyes 1.24 levels
FXStreet (Mumbai) - The Euro trades higher against the dollar in the mid-Asian trading, after breaking above 1.24 mark in the previous session.
The EUR/USD pair trades modestly higher at 1.2393 levels, closer to day’s high of 1.2397, at time of writing. The Euro regained strength in the US trading after a JOLTS Job Openings report from the US showed some improvement amid lingering worries over global economic outlook. An upbeat from Germany trade data which showed trade surplus also boosted the single currency.
Moreover, the Euro remains supported as US dollar weakened against its major counterpart.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2448 (Dec 9 High) levels, above which gains could be extended to 1.2471 (Nov 7 High) levels. On the flip side, support is seen at 1.2378 (10-day SMA) level, below which it could extend losses to 1.2335 (100-day SMA) levels.
The EUR/USD pair trades modestly higher at 1.2393 levels, closer to day’s high of 1.2397, at time of writing. The Euro regained strength in the US trading after a JOLTS Job Openings report from the US showed some improvement amid lingering worries over global economic outlook. An upbeat from Germany trade data which showed trade surplus also boosted the single currency.
Moreover, the Euro remains supported as US dollar weakened against its major counterpart.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2448 (Dec 9 High) levels, above which gains could be extended to 1.2471 (Nov 7 High) levels. On the flip side, support is seen at 1.2378 (10-day SMA) level, below which it could extend losses to 1.2335 (100-day SMA) levels.