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EUR/USD breaks below 1.3300, 11-month low

FXStreet (Córdoba) - The EUR/USD started the European session on the back foot and broke below the 1.3300 level as equities opened broadly lower after 2 day of gains.

The EUR/USD not only left the 1.33 mark behind but also November lows, stretching to its lowest level since September 2013 at 1.3284. At time of writing, the EUR/USD is trading at 1.3293, recording a 0.19% loss Wednesday, its third daily decline in a row amid growing divergences between the US and the Eurozone economic performances.

With little in the European calendar ahead, attention now turns to FOMC minutes that will be published at 18:00 GMT.

EUR/USD technical levels


As for technical levels, the EUR/USD could find next supports at 1.3250 (mid-September 2013 lows) and 1.3230 (Sep 10 2013 low). On the flip side, resistances are seen at 1.3362 (10-day SMA), 1.3400 (psychological level) and the 1.3411/14 area (Aug 13 & 15 highs).

SEB: Next level to be tested by EUR/USD is near 1.3295 - eFXnews

The eFXnews team point out that SEB believes the EUR/USD November low of 1.3295 could be tested next.
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