Forex: EUR/USD resumes the fall, fresh 2-year low

[Rey Nuevo]

FXstreet.com (Córdoba) - After failing to extend its recovery above the 1.2300 level, the euro resumed the downside against the dollar and recently made a marginal 2-year low.

 

The euro printed its lowest rate since July 2010 against the dollar at 1.2226 so far, while hitting all-time lows against the NZD and the AUD. At time of writing, EUR/USD is trading at the 1.2235 zone, down 0.1% on the day.

 

In terms of technical levels, next supports in line come at 1.2220 and 1.2200 ahead of 1.2150, while on the upside immediate resistances are seen 1.2250, 1.2295 and 1.2335.