24 Jun 2013
EUR/USD recovers along with stocks
FXstreet.com (Córdoba) - The EUR/USD finally picked up momentum and pushed to fresh daily highs following a phase of consolidation around the 1.3100 mark.
EUR/USD advances to daily highs
EUR/USD climbed to a high of 1.3143 so far, underpinned by the improvement in risk sentiment, as stocks trimmed most of its intraday losses in Wall Street. At time of writing, EUR/USD is trading at the 1.3135/40 area, where it records a 0.4% gain on the day.
Having broken above 1.3120, next resistances for EUR/USD are seen at 1.3200 and 1.3245 (100-hour SMA). On the other hand, supports cold be found at 1.3058 (daily low) and 1.3040 (Jun 4 low) ahead of 1.3000 (psychological level).
EUR/USD advances to daily highs
EUR/USD climbed to a high of 1.3143 so far, underpinned by the improvement in risk sentiment, as stocks trimmed most of its intraday losses in Wall Street. At time of writing, EUR/USD is trading at the 1.3135/40 area, where it records a 0.4% gain on the day.
Having broken above 1.3120, next resistances for EUR/USD are seen at 1.3200 and 1.3245 (100-hour SMA). On the other hand, supports cold be found at 1.3058 (daily low) and 1.3040 (Jun 4 low) ahead of 1.3000 (psychological level).