11 Jul 2014
EUR/USD jumps to daily highs
FXStreet (Córdoba) - The EUR/USD is pressing higher at the beginning of the European session, helped by a positive opening in equity markets, but the move hasn’t been strong enough to threaten real action.
The EUR/USD managed to reverse intraday losses and climbed to a high of 1.3623 in recent dealings. At time of writing, the pair is trading at the 1.3615 area, 0.11% up on the day. The calendar is light for the rest of the day, leaving the EUR/USD in the search of inspiration.
The EUR/USD shed more than 60 pips Thursday weighed by broad risk aversion, and bottomed out at 1.3588 to finally stabilize in a range.
EUR/USD technical levels
As for technical levels, if the EUR/USD breaks above the 1.3625 area, next resistances are seen at 1.3650 (Jul 10 high) and 1.3675 (200-day SMA). On the flip side, supports are seen at 1.3588 (Jul 10 low), 1.3575 (Jul 7 low) and 1.3563 (Jun 20 low).
The EUR/USD managed to reverse intraday losses and climbed to a high of 1.3623 in recent dealings. At time of writing, the pair is trading at the 1.3615 area, 0.11% up on the day. The calendar is light for the rest of the day, leaving the EUR/USD in the search of inspiration.
The EUR/USD shed more than 60 pips Thursday weighed by broad risk aversion, and bottomed out at 1.3588 to finally stabilize in a range.
EUR/USD technical levels
As for technical levels, if the EUR/USD breaks above the 1.3625 area, next resistances are seen at 1.3650 (Jul 10 high) and 1.3675 (200-day SMA). On the flip side, supports are seen at 1.3588 (Jul 10 low), 1.3575 (Jul 7 low) and 1.3563 (Jun 20 low).