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Forex: EUR/USD falls below 1.3300 after Juncker comments

By FXstreet.com,  January 15, 2013, 02:16:00 PM EDT

FXstreet.com (Córdoba) - The euro came under renewed pressure and tumbled to fresh lows against the greenback after Eurogroup President Jean-Claude Juncker said euro exchange rate was 'dangerously high'. The move lower accelerated after triggering stops below the 1.3300 mark.

EUR/USD slid to a 4-day low of 1.3263, where the 100-hour SMA acted as dynamic support. At time of writing, EUR/USD is quoting at the 1.3290 area, still down 0.7% on the day.

As for technical levels, if the euro falls below the 1.3260/65 zone, next supports are seen at 1.3247 (Jan 11 low) and 1.3200 (psychological level). On the upside, resistances are now seen at 1.3310, 1.3365 (Jan 11 high) and 1.3400 (psychological level).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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