The euro tumbled over 1% to fresh two-year lows against the U.S. dollar on Friday, as strong U.S. economic reports sent the greenback broadly higher and as disappointing service sector.EUR/USD hit 1.2511 during U.S. morning trade, the pair's lowest since August 2012; the pair subsequently consolidated at 1.2515, tumbling 1.21%. The pair was likely to find support at 1.2132 and resistance at 1.2675, the session high.
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Let's have an on-going discussion in this thread about EUR/USD whether it be news stories, technical analysis, or economics in the USA or Eurozone that impact the currency pair.
There's an ascending triangle on the EUR/USD Chart. ECB Rates are announced at 7:45 AM EST.