23 Jan 2014
EUR/USD extends advance to 1.3700
FXstreet.com (San Francisco) - After a brief period of consolidation around 1.3670, the EUR/USD is now extending its advance to test the 1.3700 area, fresh highest since January 14.
The Euro’s rally is being fueled by the euroarea manufacturing and services PMI and consumer confidence during January and by poor data from the US docket.
Currently, the EUR/USD is pricing now at 1.3695, 1.08% positive on the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD neutral.
EUR/USD significant levels
Above the 1.3700, the EUR/USD would face resistances at 1.3710, 1.3730 and 1.3775. On the downside, supports are at 1.3670, 1.3650 and 1.3595.
The Euro’s rally is being fueled by the euroarea manufacturing and services PMI and consumer confidence during January and by poor data from the US docket.
Currently, the EUR/USD is pricing now at 1.3695, 1.08% positive on the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD neutral.
EUR/USD significant levels
Above the 1.3700, the EUR/USD would face resistances at 1.3710, 1.3730 and 1.3775. On the downside, supports are at 1.3670, 1.3650 and 1.3595.