Back
23 Jan 2015
EUR/USD crashes to fresh 12-Yr Lows at 1.1315
FXStreet (Mumbai) - The Euro-bashing extends as the EUR/USD tumbles to fresh twelve year lows in late Asian session as traders continue to absorb the aftermath of the ECB QE.
The EUR/USD inched -0.32% down so far and trades close to fresh twelve year lows of 1.1315 levels hit few minutes ago. The EUR/USD pair is expected to get smashed after the ECB Chief Draghi unveiled a monthly EUR60 bn bond-buying program commence from this March until end of September 2016, in an attempt to revive the ailing economy.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1374 (Today’s High) levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1280 (2013 levels).
The EUR/USD inched -0.32% down so far and trades close to fresh twelve year lows of 1.1315 levels hit few minutes ago. The EUR/USD pair is expected to get smashed after the ECB Chief Draghi unveiled a monthly EUR60 bn bond-buying program commence from this March until end of September 2016, in an attempt to revive the ailing economy.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1374 (Today’s High) levels, above which gains could be extended to 1.1400 levels. On the flip side, support is seen at 1.1300 levels, below which it could extend losses to 1.1280 (2013 levels).