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3 Mar 2015
EUR/USD fails to hold above 1.1200
FXStreet (Córdoba) - EUR/USD failed to hold above the 1.1200 mark and retreated once again after hitting a fresh daily high of 1.1216 during the American afternoon.
EUR/USD has spent most of the day zigzagging within its recent range but not without making a fresh 1-month low of 1.1154 during the European session. At time of writing, the pair is trading at 1.1176, virtually unchanged on the day.
In the absence of first-tier data or events, investors seem to have adopted a wait-and-see stance and refrain from taking big positions ahead of the European Central Bank meeting on Thursday and the nonfarm payrolls on Friday.
EUR/USD levels to watch
As for technical levels, next supports could be found at 1.1154 (daily low), 1.1114 (Jan 23 low) and 1.1097 (11-year low Jan 26). On the flip side, resistances are seen at 1.1217 (daily high), 1.1229 (100-hour SMA) and 1.1244 (Feb 27 high).
EUR/USD has spent most of the day zigzagging within its recent range but not without making a fresh 1-month low of 1.1154 during the European session. At time of writing, the pair is trading at 1.1176, virtually unchanged on the day.
In the absence of first-tier data or events, investors seem to have adopted a wait-and-see stance and refrain from taking big positions ahead of the European Central Bank meeting on Thursday and the nonfarm payrolls on Friday.
EUR/USD levels to watch
As for technical levels, next supports could be found at 1.1154 (daily low), 1.1114 (Jan 23 low) and 1.1097 (11-year low Jan 26). On the flip side, resistances are seen at 1.1217 (daily high), 1.1229 (100-hour SMA) and 1.1244 (Feb 27 high).