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8 Jan 2015
EUR/USD struggles to regain 1.1800
FXStreet (Córdoba) - EUR/USD has managed to recover some ground during the American session as the dollar corrects across the board while investors await the US nonfarm payrolls report, which is due on Friday.
EUR/USD has trimmed early losses, having climbed nearly half a cent from a fresh 9-year low of 1.1753 to a session high of 1.1814. The euro however, remains under broad pressure, specially against the dollar as expectations grow the Fed and the ECB will take opposite directions on monetary policy.
EUR/USD technical levels
At time of writing, EUR/USD is trading at 1.1810, still down 0.23% on the day, with immediate resistances lining up at 1.1840/46 (50-hour SMA/Jan 8 high) and 1.1895 (Jan 7 high). On the flip side, supports could be found at 1.1753 (Jan 8 low), 1.1705/00 (Dec 7 & 8 2005 lows/psychological level) and 1.1688 (Dec 5 2005 low).
EUR/USD has trimmed early losses, having climbed nearly half a cent from a fresh 9-year low of 1.1753 to a session high of 1.1814. The euro however, remains under broad pressure, specially against the dollar as expectations grow the Fed and the ECB will take opposite directions on monetary policy.
EUR/USD technical levels
At time of writing, EUR/USD is trading at 1.1810, still down 0.23% on the day, with immediate resistances lining up at 1.1840/46 (50-hour SMA/Jan 8 high) and 1.1895 (Jan 7 high). On the flip side, supports could be found at 1.1753 (Jan 8 low), 1.1705/00 (Dec 7 & 8 2005 lows/psychological level) and 1.1688 (Dec 5 2005 low).