23 Aug 2013
EUR/USD jumps after EMU, US data
FXstreet.com (Córdoba) - The EUR/USD jumped to fresh daily highs after the latest string of data showed Eurozone consumer confidence rose to a 2-year high in August, while US new home sales dropped sharply in July.
Data lifts EUR/USD to 2-day high
EUR/USD broke above the 1.3370/75 area, which had been capping the upside over the last 2 days, and printed a high of 1.3387 so far. At time of writing, EUR/USD is trading at the 1.3380 zone, where it records a 0.2% gain on the day.
EUR/USD technical levels
If EUR/USD manages to clear the 1.3385 zone, next resistances could be found at 1.3400 (psychological level) and 1.3426 (Aug 21 high). On the flip side, supports are seen at 1.3330 (10-day SMA) and the 1.3297/1.3300 area (Aug 22 low/psychological level).
Data lifts EUR/USD to 2-day high
EUR/USD broke above the 1.3370/75 area, which had been capping the upside over the last 2 days, and printed a high of 1.3387 so far. At time of writing, EUR/USD is trading at the 1.3380 zone, where it records a 0.2% gain on the day.
EUR/USD technical levels
If EUR/USD manages to clear the 1.3385 zone, next resistances could be found at 1.3400 (psychological level) and 1.3426 (Aug 21 high). On the flip side, supports are seen at 1.3330 (10-day SMA) and the 1.3297/1.3300 area (Aug 22 low/psychological level).