he EUR/USD pair dropped to tests Monday’s low at 1.1317 and rebounded. It trades at 1.1340 but remains under pressure amid a rally of the US dollar. arlier today, the pair rose to the 1.1420 area, but again it found resistance and weakened. During the US session, the dollar gained momentum and pushed EUR/USD to the downside.
To the downside, the immediate support could be seen at 1.1300/05 (Nov 30 low), followed by 1.1275 (Nov 27 low) and 1.1240. On the upside, resistance levels might now lie 1.1360 followed by 1.1380 and the key 1.1420 area (Nov 21, 23 and Dec 4 high).
To the downside, the immediate support could be seen at 1.1300/05 (Nov 30 low), followed by 1.1275 (Nov 27 low) and 1.1240. On the upside, resistance levels might now lie 1.1360 followed by 1.1380 and the key 1.1420 area (Nov 21, 23 and Dec 4 high).