Forex: EUR/USD falls below 1.3300 after Juncker comments

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).
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