FXstreet.com (Córdoba) - The Euro weakened against the Dollar in the last hour after being unable to hold above 1.4360. EUR/USD fell from 1.4373(intra-day high) to test 1.4300. Currently the pair trades at 1.4305/10, at the same level it had at the beginning of the day. To the downside the next support lies at 1.4280 (intra-day low) and below at 1.4260 (December 18 low).
The FastBrokers Research Team affirms: The EUR/USD is consolidating above Friday lows as the currency pair tries to form a new base during a trading session with little economic data. The EUR/USD has taken a considerable hit this month due to a combination of deteriorating conditions in some EU member states and strong economic data releases from the U.S. The concept that the Fed will begin reigning in its alternative liquidity measures has led to a bull run in the Dollar, dragging the EUR/USD below 1.45.