FXstreet.com (Córdoba) - The euro has steadied inside a slim range versus the dollar after hitting a 2-day low of 1.2224 at the beginning of the New York session. EUR/USD moved lower throughout the day but found interim support at the 1.2225 zone from where it bounced slightly.
However, the recovery has lacked momentum and EUR/USD is currently trading at the 1.2255/60 zone, where it prints a 0.3% loss on the day.
After Draghi's words last week, investors remain cautious on worries the European Central Bank may disappoint those hoping for more actions to contain the debt crisis.
In terms of technical levels, next supports are seen at 1.2220, 1.2200 and 1.2180, while on the other hand, resistances could be found at 1.2280, 1.2310 and 1.2330.
However, the recovery has lacked momentum and EUR/USD is currently trading at the 1.2255/60 zone, where it prints a 0.3% loss on the day.
After Draghi's words last week, investors remain cautious on worries the European Central Bank may disappoint those hoping for more actions to contain the debt crisis.
In terms of technical levels, next supports are seen at 1.2220, 1.2200 and 1.2180, while on the other hand, resistances could be found at 1.2280, 1.2310 and 1.2330.
