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Pre-open movers
U.S. stock futures traded lower in early pre-market trade after the Wall Street closed slightly higher in the previous session. Investors .
All in all, there are reasons to see the currency pair extending its falls.
EUR/USD Technical Analysis
Euro/dollar has slipped below the 50 Simple Moving Average on the four-hour chart and momentum has flipped back to the downside. It is now leaning on the 100 SMA and seems to be on the verge of breaking lower.
Support awaits at 1.2175, a cushion from earlier this week, followed by 1.2160 and 1.2130. Further down, 1.2075 and 1.2055 are eyed.
Resistance is at 1.2220, which capped a recovery attempt. It is followed by 1.2255, the weekly high, and then by 1.2266, May s peak.
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