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17 Oct 2013
EUR/USD nears 2013 high
FXstreet.com (Córdoba) - Following some consolidation, EUR/USD gathered fresh strength heading into the Europe/NorthAm crossover and rallied to a fresh 8-month high.
EUR/USD hits fresh 8-month high
EUR/USD found more buyers and managed to briefly surpass Oct 3 peak to print its highest since early February at 1.3649. At time of writing, EUR/USD is trading at the 1.3640 zone, recording a 0.8% gain Thursday, now eyeing its 2013 peak of 1.3710.
EUR/USD levels to watch
If the EUR/USD extends gains, immediate resistance stands now at 1.3710 (2013 high Feb 1) and if this latter is broken, the euro will be trading at its highest in almost 2 years. On the downside, supports line up at 1.3515 (daily low), the 1.3470/80 zone (Oct 15 & 16 lows) and then 1.3460 (Sep 25 low).
EUR/USD hits fresh 8-month high
EUR/USD found more buyers and managed to briefly surpass Oct 3 peak to print its highest since early February at 1.3649. At time of writing, EUR/USD is trading at the 1.3640 zone, recording a 0.8% gain Thursday, now eyeing its 2013 peak of 1.3710.
EUR/USD levels to watch
If the EUR/USD extends gains, immediate resistance stands now at 1.3710 (2013 high Feb 1) and if this latter is broken, the euro will be trading at its highest in almost 2 years. On the downside, supports line up at 1.3515 (daily low), the 1.3470/80 zone (Oct 15 & 16 lows) and then 1.3460 (Sep 25 low).