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31 Dec 2014
EUR/USD hovering around 1.2150
FXStreet (Córdoba) - EUR/USD continues to trade within a small range on the last trading day of 2014, moving between 1.2142 (daily low) and 1.2160. Volatility remains low across the board.
The pair is consolidating around 1.2150, near 2-year lows. “EUR/USD traded down to new lows at 1.2124 (12/30/14) before bargain hunters pushed the pair marginally higher to 1.2165”, said Peter Rosenstreich, Head of Market Strategy at Swissquote. According to Rosenstreich it continues to be weighed down by political uncertainty in Greece and growing anticipacion of a QE program by the European Central Bank.
EUR/USD short term levels to watch
To the downside, below 1.2140/45, attention would turn to 1.2130 and 1.2120 (2014 low). While to the upside, at 1.2160 an hourly downtrend line currently stands and a break higher could trigger a short term recovery.
The pair is consolidating around 1.2150, near 2-year lows. “EUR/USD traded down to new lows at 1.2124 (12/30/14) before bargain hunters pushed the pair marginally higher to 1.2165”, said Peter Rosenstreich, Head of Market Strategy at Swissquote. According to Rosenstreich it continues to be weighed down by political uncertainty in Greece and growing anticipacion of a QE program by the European Central Bank.
EUR/USD short term levels to watch
To the downside, below 1.2140/45, attention would turn to 1.2130 and 1.2120 (2014 low). While to the upside, at 1.2160 an hourly downtrend line currently stands and a break higher could trigger a short term recovery.