Currently, the EUR/USD pair trades flat at 1.2190 levels, after posting day’s low of 1.2169 in early Asian morning. The single currency extends its bearish momentum against the US dollar as traders continue to mull over latest employment data from US in absence of fresh data releases amid the ongoing holiday season. On the Christmas Eve, US Department of Labour released jobless claims figures, showing that the number of US citizens applying for unemployment last week fell to 280,000. US third-quarter GDP expansion with an unexpectedly strong rise of 5% continued to weigh on the EUR/USD pair.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2193 (Today’s High) levels, above which gains could be extended to 1.22 levels. On the flip side, support is seen at 1.2164 (Dec 23 Low) levels, below which it could extend losses to 1.2140 (2012) levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.