Daily Market Overview: EUR/USD - Technical Analysis - Dukascopy Bank

Fri, 25 Nov 2011 16:18:37 GMT
Source: Dukascopy
 
© Dukascopy

Daily maximum: 1.3332

Daily minimum: 1.3212

The Euro moved lower today as the German m/m import prices and Italian m/m retail sales inched lower as the European debt crisis worsens, breaching the market mean at 1.3354. None of the resistance (1.3388; 1.3448; 1.3543) levels has been breached yet while a cross of support 1 and 2 at 1.3292 and 1.3256 exposes the last barrier at 1.3160 for Friday. The daily stance remains bearish.


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