20 Aug 2013
EUR/USD keeps highs as 1.3400 looms
FXstreet.com (Edinburgh) -The bloc currency remains in the upper end of today’s range so far, with the EUR/USD just pips away of the 1.3400 handle.
EUR/USD in multi-day peaks
A test of early August peaks is just around the corner, as the bullish momentum continues to build up around the EUR, ahead of the FOMC minutes due tomorrow. In the vision of Tim Riddell, Head of Global Market Research at ANZ, “If current firmness persists and EUR remains above 1.3315, pressure will build for an early test of the 1.3500 area, but should still be seen in the context of broader range defining”.
EUR/USD key levels
At the moment the pair is advancing 0.45% at 1.3394 and a break above 1.3401 (high Aug.8) would target 1.3417 (high Jun.19) en route to 1.3432 (high Feb.20). On the downside, support levels line up at 1.3314 (low Aug.19) followed by 1.3312 (low Aug.6) and finally 1.3300 (psychological level).
EUR/USD in multi-day peaks
A test of early August peaks is just around the corner, as the bullish momentum continues to build up around the EUR, ahead of the FOMC minutes due tomorrow. In the vision of Tim Riddell, Head of Global Market Research at ANZ, “If current firmness persists and EUR remains above 1.3315, pressure will build for an early test of the 1.3500 area, but should still be seen in the context of broader range defining”.
EUR/USD key levels
At the moment the pair is advancing 0.45% at 1.3394 and a break above 1.3401 (high Aug.8) would target 1.3417 (high Jun.19) en route to 1.3432 (high Feb.20). On the downside, support levels line up at 1.3314 (low Aug.19) followed by 1.3312 (low Aug.6) and finally 1.3300 (psychological level).