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24 Dec 2014
EUR/USD shows limited movement – MP
FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at Market Pulse, notes that EUR/USD shows limited movements today as it trades around the 1.22 line in the absence of data releases in the Eurozone.
Key Quotes
“As expected, it’s been an uneventful week for EUR/USD, which is trading at the 1.22 line Wednesday. The euro remains under pressure, as the currency trades at its lowest level since August 2012. German markets will be closed for the rest of the week and there are no releases out of the Eurozone until next week.”
“In the US, today’s highlight is Unemployment Claims. The key indicator is usually released each Thursday, but has been brought forward due to the Christmas holiday. The markets are not expecting much change from the previous release, with the estimate standing at 291 thousand.”
“EUR/USD was flat in the Asian session. The pair has edged higher in the European session.”
“1.2143 is an immediate support level. 1.2286 is the next resistance line.”
“Current range: 1.2143 to 1.2286”
Key Quotes
“As expected, it’s been an uneventful week for EUR/USD, which is trading at the 1.22 line Wednesday. The euro remains under pressure, as the currency trades at its lowest level since August 2012. German markets will be closed for the rest of the week and there are no releases out of the Eurozone until next week.”
“In the US, today’s highlight is Unemployment Claims. The key indicator is usually released each Thursday, but has been brought forward due to the Christmas holiday. The markets are not expecting much change from the previous release, with the estimate standing at 291 thousand.”
“EUR/USD was flat in the Asian session. The pair has edged higher in the European session.”
“1.2143 is an immediate support level. 1.2286 is the next resistance line.”
“Current range: 1.2143 to 1.2286”