22 Dec 2014
EUR/USD falls to lows at 1.2215
FXStreet (San Francisco) - The EUR/USD ended up losing all their earlier gains as the pair extended its decline from 1.2270 to test 1.2215 year low.
Currently, EUR/USD is trading at 1.2223, down -0.03% on the day, having posted a daily high at 1.2274 and low at 1.2218. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/USD sentiment
According to Valeria Bednarik from FXStreet, "the EUR was weighted by rumors the ECB will be forced to implement some form of QE in the short term, as local economic conditions continue to deteriorate."
Below the 1.2215, next supports are at 1.2190 and 1.2160, To the upside, resistances are at 1.2240, 1.2270 and 1.2300.
Currently, EUR/USD is trading at 1.2223, down -0.03% on the day, having posted a daily high at 1.2274 and low at 1.2218. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
EUR/USD sentiment
According to Valeria Bednarik from FXStreet, "the EUR was weighted by rumors the ECB will be forced to implement some form of QE in the short term, as local economic conditions continue to deteriorate."
Below the 1.2215, next supports are at 1.2190 and 1.2160, To the upside, resistances are at 1.2240, 1.2270 and 1.2300.