FXstreet.com (Barcelona) - The Euro has continued falling against the Dollar after the good Consumer confidence data released today in the United Stated. After hitting 1.4457 as fresh 1-week high, the EUR/USD has fallen around 100 pips to break MA55 hourly chart at 1.4385 and MA200 hourly at 1.4365 and test daily lows close to 1.4350.
S consumer confidence continued to improve in December, up to 52.9 from 50.6 in November, in the monthly report conducted by The Confidence Board. The Expectations index of consumers' short-term outlook rose to a two-year high of 75.8.
The ecPulse.com analyst team comments: The euro-dollar pair we see on the one-hour charts using the momentum indicators decline as a result of the U.S. data that moved the markets as investors were placing orders ahead of the data, looking forward to rising confidence. Currently the pair is being traded at 1.4420 between the support of 1.4405 and the resistance of 1.4433 while recording a high of 1.4457 and a low of 1.4353.