26 Dec 2013
EUR/USD stays below 1.3700 in holiday trade
FXstreet.com (Córdoba) - The FX market resumes trading after Christmas although most European markets remain closed.
The EUR/USD edged higher and touched a high of 1.3700 ahead of the New York opening, but lack of momentum is the theme of the day. The EUR/USD failed to break above the psychological level and was confined to a range during the last hours while trading is expected to remain subdued amid low liquidity. At time of writing, the EUR/USD is trading at the 1.3695 zone, still 0.1% above its opening price.
EUR/USD levels to watch
As for technical levels, the EUR/USD could find immediate resistances at 1.3700 (psychological level), 1.3710/15 (10-day SMA/Dec 23 high) and 1.3730 (Dec 10 low). On the other hand, supports are seen at 1.3675 (daily low), 1.3655 (Dec 24 low) and 1.3625 (Dec 20 low).
The EUR/USD edged higher and touched a high of 1.3700 ahead of the New York opening, but lack of momentum is the theme of the day. The EUR/USD failed to break above the psychological level and was confined to a range during the last hours while trading is expected to remain subdued amid low liquidity. At time of writing, the EUR/USD is trading at the 1.3695 zone, still 0.1% above its opening price.
EUR/USD levels to watch
As for technical levels, the EUR/USD could find immediate resistances at 1.3700 (psychological level), 1.3710/15 (10-day SMA/Dec 23 high) and 1.3730 (Dec 10 low). On the other hand, supports are seen at 1.3675 (daily low), 1.3655 (Dec 24 low) and 1.3625 (Dec 20 low).