12 Nov 2013
EUR/USD extends gains above 1.3450
FXstreet.com (Córdoba) - The EUR/USD broke above the 1.3450 zone and reached fresh highs after triggering stops on broad-based dollar weakness.
The EUR/USD managed to reverse intraday losses during the New York session after bottoming out at 1.3358 weighed by Asmussen dovish comments, and having risen more than 90 pips over the last hours, it recently printed a high of 1.3455. At time of writing, EUR/USD is trading at the 1.3450 zone, recording a 0.3% gain Tuesday. The euro is advancing for second day in a row after falling for 3 consecutive days last week.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3455 (daily high), 1.3485 (10-day SMA) and 1.3500 (psychological level). On the other hand, supports are seen at 1.3350 (100-day SMA), 1.3316 (Nov 8 low) and 1.3295 (Nov 7 low).
The EUR/USD managed to reverse intraday losses during the New York session after bottoming out at 1.3358 weighed by Asmussen dovish comments, and having risen more than 90 pips over the last hours, it recently printed a high of 1.3455. At time of writing, EUR/USD is trading at the 1.3450 zone, recording a 0.3% gain Tuesday. The euro is advancing for second day in a row after falling for 3 consecutive days last week.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find immediate resistances at 1.3455 (daily high), 1.3485 (10-day SMA) and 1.3500 (psychological level). On the other hand, supports are seen at 1.3350 (100-day SMA), 1.3316 (Nov 8 low) and 1.3295 (Nov 7 low).