27 Dec 2013
EUR/USD soars to fresh 2-year highs
FXstreet.com (Córdoba) - The EUR/USD gathered fresh momentum and broke through the 1.3811/32 resistance area, triggering stops and extending gains to its highest level in over 2 years.
EUR/USD nears 1.3900
With the USD losing ground against its European peers and moves exacerbated amid thin volume, the EUR/USD cleared the 1.3811 level (Dec 11 high) and the more important 1.3832 (Oct 25 high), rising 90 pips in a matter of minutes and accumulating nearly 200 pips on the day to a high of 1.3890, last seen Oct 31 2011. At time of writing, the EUR/USD is trading at 1.3860, recording a 1.2% gain Friday.
EUR/USD technical levels
On the upside, the next hurdle is the 1.3900 psychological level followed by 1.3960 (Oct 25 2011 high). On the downside, the 1.3832 former resistance level should now offer support followed by the 1.3800 area and 1.3689 (daily low).
EUR/USD nears 1.3900
With the USD losing ground against its European peers and moves exacerbated amid thin volume, the EUR/USD cleared the 1.3811 level (Dec 11 high) and the more important 1.3832 (Oct 25 high), rising 90 pips in a matter of minutes and accumulating nearly 200 pips on the day to a high of 1.3890, last seen Oct 31 2011. At time of writing, the EUR/USD is trading at 1.3860, recording a 1.2% gain Friday.
EUR/USD technical levels
On the upside, the next hurdle is the 1.3900 psychological level followed by 1.3960 (Oct 25 2011 high). On the downside, the 1.3832 former resistance level should now offer support followed by the 1.3800 area and 1.3689 (daily low).