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19 Feb 2014
EUR/USD back to where it started
FXStreet (Córdoba) - The EUR/USD has wavered between small gains and losses Wednesday as it has spent the day mainly oscillating around the 1.3750 area, unable to set fresh direction.
With today's Eurozone and US data having little impact on the EUR/USD, investors will now be watching the release of the Federal Reserve's latest minutes looking for clues whether the Fed will stick to its tapering program that started in December. At time of writing, the EUR/USD is trading at the 1.3750 area, virtually unchanged, having hit a high of 1.3772 and a low of 1.3738.
EUR/USD levels to watch
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3772 (Feb 19 high), 1.3800 (psychological level) and 1.3811 (Dec 31 high). On the flip side, supports are seen at 1.3738 (Feb 19 low), 1.3694 (Feb 18 low) and 1.3655 (50-day SMA).
With today's Eurozone and US data having little impact on the EUR/USD, investors will now be watching the release of the Federal Reserve's latest minutes looking for clues whether the Fed will stick to its tapering program that started in December. At time of writing, the EUR/USD is trading at the 1.3750 area, virtually unchanged, having hit a high of 1.3772 and a low of 1.3738.
EUR/USD levels to watch
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3772 (Feb 19 high), 1.3800 (psychological level) and 1.3811 (Dec 31 high). On the flip side, supports are seen at 1.3738 (Feb 19 low), 1.3694 (Feb 18 low) and 1.3655 (50-day SMA).