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23 Jan 2015
EUR/USD collapses below 1.13, posts new 12 year lows
FXStreet (Mumbai) - The Euro collapsed to fresh twelve year lows, breaking below USD 1.13 mark after Germany’s factory activity deteriorated in January.
The EUR/USD fell further to trade at 1.1273, down -0.78% on the day, having posted fresh twelve year lows at 1.1259 levels few minutes ago. The EUR/USD pair is expected to remain pressured as traders continued to weigh the European Central Bank's (ECB) QE announcement.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1374 (Today’s High) levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1259 levels, below which it could extend losses to 1.1200 (2013 levels).
The EUR/USD fell further to trade at 1.1273, down -0.78% on the day, having posted fresh twelve year lows at 1.1259 levels few minutes ago. The EUR/USD pair is expected to remain pressured as traders continued to weigh the European Central Bank's (ECB) QE announcement.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1374 (Today’s High) levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1259 levels, below which it could extend losses to 1.1200 (2013 levels).