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28 Jan 2014
EUR/USD falls to 5-day low
FXstreet.com (Córdoba) - The EUR/USD came under renewed pressure as the greenback strengthened across the board and fell to fresh weekly lows.
The EUR/USD broke below the 1.3650 zone and accelerated lower, leaving the 100-hour SMA behind and stretching to its lowest level in 5 days at 1.3628, where the 20-day SMA helped to contain the slide. At time of writing, the EUR/USD is trading at the 1.3635 area, recording a 0.3% loss on the day. With the European calendar empty for the rest of the day, US durable goods orders, home prices and consumer confidence will be in the spotlight during the New York session.
EUR/USD levels to watch
In terms of technical levels, if the EUR/USD breaks below 1.3628 (20-day SMA), next supports could be found at 1.3600 (psychological level) and 1.3583 (100-day SMA). On the other hand, resistances are seen at 1.3687 (Jan 28 high), 1.3700 (psychological level) and 1.3715 (Jan 27 high).
The EUR/USD broke below the 1.3650 zone and accelerated lower, leaving the 100-hour SMA behind and stretching to its lowest level in 5 days at 1.3628, where the 20-day SMA helped to contain the slide. At time of writing, the EUR/USD is trading at the 1.3635 area, recording a 0.3% loss on the day. With the European calendar empty for the rest of the day, US durable goods orders, home prices and consumer confidence will be in the spotlight during the New York session.
EUR/USD levels to watch
In terms of technical levels, if the EUR/USD breaks below 1.3628 (20-day SMA), next supports could be found at 1.3600 (psychological level) and 1.3583 (100-day SMA). On the other hand, resistances are seen at 1.3687 (Jan 28 high), 1.3700 (psychological level) and 1.3715 (Jan 27 high).