24 Oct 2013
EUR/USD prints fresh 23-month high
FXstreet.com (Córdoba) - The EUR/USD rose back above 1.3800 and printed a marginal new high at the beginning of the New York session after a disappointing US Markit manufacturing PMI reading.
The EUR/USD rose to its highest level in nearly 2 years at 1.3824, barely above its previous daily peak, but the pair seems not ready to break decisively above that level and pulled back to the 1.3800 region, where it records a 0.2% gain on Thursday.
EUR/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that technical readings maintain a bullish tone, supporting more advances ahead in the pair. Bednarik locates immediate resistances at 1.3835, 1.3860 and 1.3900, while she places supports at 1.3790, 1.3740 and 1.3710.
The EUR/USD rose to its highest level in nearly 2 years at 1.3824, barely above its previous daily peak, but the pair seems not ready to break decisively above that level and pulled back to the 1.3800 region, where it records a 0.2% gain on Thursday.
EUR/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that technical readings maintain a bullish tone, supporting more advances ahead in the pair. Bednarik locates immediate resistances at 1.3835, 1.3860 and 1.3900, while she places supports at 1.3790, 1.3740 and 1.3710.