FXStreet (Mumbai) - The ECB President Draghi jawboned EUR again, pushing the EUR/USD pair well below its 50-DMA located at 1.0821. Trades around 1.08 The spot hit a two-week low of 1.0777 before recovering to trade around 1.08 levels. ECB’s Draghi left the doors wide open for more easing in December and markets responded as they always do- by offering EUR across the board. The currency may remain under pressure as the US equity futures are pointing to a positive open. Thus, the carry unwind could come to a halt and keep the EUR weak. EUR/USD Technical Levels The immediate resistance is seen at 1.0821 (50-DMA), above which the pair could test 1.0890 (38.2% of 1.1495-1.0517). On the other hand, a break below 1.0777 (daily low) would open doors for a drop to 1.0747 (23.6% of 1.1495-1.0517). For more information, read our latest forex news.