Forex: EUR/USD retreat, approaching 1.4360/70 ahead of Wall Street opening

By IBTimes Staff Reporter | December 24 2009 9:27 AM

FXstreet.com (Barcelona) - Euro retreat from intra-week high at 1.4420 has extended below 1.4400 on the back of between than expected U.S. employment data, and the pair is approaching support area at 1.4360/70 -previous week high_ moments ahead of Wall Street opening.

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In case of breaking below 1.4360, next support levels lie at 1.4324 (session low) and below here, 1.4300. On the upside, resistance levels remain at 1.4420 session high, and below here, 1.4460 and 1.4500/05 (Dec 15 low).

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