19 Nov 2013
EUR/USD wavers on Constancio comments
FXstreet.com (Córdoba) - The EUR/USD saw some hesitant moves during the American session amid comments from ECB Constancio saying that all instruments are on the table for the European Central Bank, including quantitative easing.
The EUR/USD that was staging a recovery from daily lows initially weakened and briefly dipped back below 1.3500. However, bears lacked follow through and the EUR/USD climbed to fresh session highs around 1.3530 as investors assess comments. At time of writing, EUR/USD is trading at 1.3530 area, recording a 0.2% gain Tuesday.
EUR/USD levels to watch
In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3542 (daily high) and 1.3565 (20-day SMA). On the other hand, supports could be found at 1.3487 (daily low) and 1.3459 (10-day SMA).
The EUR/USD that was staging a recovery from daily lows initially weakened and briefly dipped back below 1.3500. However, bears lacked follow through and the EUR/USD climbed to fresh session highs around 1.3530 as investors assess comments. At time of writing, EUR/USD is trading at 1.3530 area, recording a 0.2% gain Tuesday.
EUR/USD levels to watch
In terms of technical levels, immediate resistances for EUR/USD are seen at 1.3542 (daily high) and 1.3565 (20-day SMA). On the other hand, supports could be found at 1.3487 (daily low) and 1.3459 (10-day SMA).