28 Jun 2013
EUR/USD reaches 1.3100
FXstreet.com (Córdoba) - The EUR/USD pushed higher and printed fresh daily highs at the beginning of the American session after the release of higher-than-expected German CPI.
EUR/USD rises toward 1.3100
EUR/USD managed to surpass previous daily highs and stretched to a new one of 1.3102 as US traders join in. At time of writing, EUR/USD is trading at the 1.3095/1.3100 zone, where it records a 0.4% gain on the day.
As for technical levels, if EUR/USD breaks decisively above 1.3100, next resistances could be found at 1.3150 (Jun 21 high) and 1.3170 (200-hour SMA), while on the flip side, supports are seen at 1.3030 (daily low) and 1.3000 (psychological level).
US data ahead
Looking ahead, the US Reuters Michigan consumer confidence index for June and the Chicago PMI are due for release, which could give the pair some momentum.
EUR/USD rises toward 1.3100
EUR/USD managed to surpass previous daily highs and stretched to a new one of 1.3102 as US traders join in. At time of writing, EUR/USD is trading at the 1.3095/1.3100 zone, where it records a 0.4% gain on the day.
As for technical levels, if EUR/USD breaks decisively above 1.3100, next resistances could be found at 1.3150 (Jun 21 high) and 1.3170 (200-hour SMA), while on the flip side, supports are seen at 1.3030 (daily low) and 1.3000 (psychological level).
US data ahead
Looking ahead, the US Reuters Michigan consumer confidence index for June and the Chicago PMI are due for release, which could give the pair some momentum.