FXstreet.com (Córdoba) - The euro took a 180 degree turn and slipped to fresh daily lows against the greenback as a wave of risk aversion hit the markets after the IMF lowered its global growth forecast.
EUR/USD dropped over 60 pips in a matter of minutes, breaking below the 1.3300 mark to hit a fresh daily low of 1.3263. At time of writing, EUR/USD is quoting at the 1.3280 zone, 0.3% below its opening price.
As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate supports at 1.3250 and 1.3220, while she locates resistances at 1.3330, 1.3350 and 1.3375.
EUR/USD dropped over 60 pips in a matter of minutes, breaking below the 1.3300 mark to hit a fresh daily low of 1.3263. At time of writing, EUR/USD is quoting at the 1.3280 zone, 0.3% below its opening price.
As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate supports at 1.3250 and 1.3220, while she locates resistances at 1.3330, 1.3350 and 1.3375.
