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20 Dec 2013
EUR/USD extends recovery after EZ confidence data
FXstreet.com (Córdoba) - The EUR/USD managed to extend its recovery during the American session after Eurozone consumer confidence data came in better than expected.
The Euro area consumer confidence rose to -13.6 in December from -15.4 in November, giving the shared currency a boost. The EUR/USD extended its recovery toward the 1.3689 area from a session low of 1.3630 scored in the wake of US GDP data. At time of writing, EUR/USD is trading at 1.3685, 0.2% above its opening price.
EUR/USD levels to watch
The EUR/USD has 1.3694/1.3700 (Dec 19 high/psychological level) as immediate resistance area to overcome, followed by 1.3730 (10-day SMA). On the downside, supports are seen at 1.3620 (Dec 6 low), 1.3600 (psychological level) and 1.3580 (Nov 29 low).
The Euro area consumer confidence rose to -13.6 in December from -15.4 in November, giving the shared currency a boost. The EUR/USD extended its recovery toward the 1.3689 area from a session low of 1.3630 scored in the wake of US GDP data. At time of writing, EUR/USD is trading at 1.3685, 0.2% above its opening price.
EUR/USD levels to watch
The EUR/USD has 1.3694/1.3700 (Dec 19 high/psychological level) as immediate resistance area to overcome, followed by 1.3730 (10-day SMA). On the downside, supports are seen at 1.3620 (Dec 6 low), 1.3600 (psychological level) and 1.3580 (Nov 29 low).