FXstreet.com (Córdoba) - The euro saw a quick spike to fresh daily highs above 1.2300 during the New York session, with some analysts blaming rumors of a short selling ban on European bonds. However, after stalling ahead of the 200-hour SMA at 1.2316, EUR/USD retreated toward the 1.2300 area where it continues to trade at time of writing, virtually unchanged on the day.
As for technical levels, immediate resistances could be found at the 1.2315/20 area, followed by 1.2360 and 1.2390, while on the other hand supports are seen at 1.2290, 20-hour SMA, and 1.2240 ahead of 1.2200.
As for technical levels, immediate resistances could be found at the 1.2315/20 area, followed by 1.2360 and 1.2390, while on the other hand supports are seen at 1.2290, 20-hour SMA, and 1.2240 ahead of 1.2200.
