19 Sep 2013
EUR/USD pressed to 1.3535 session highs around 7-month peaks
FXstreet.com (Chicago) - EUR/USD reached new session highs at 1.3535 to consolidate an upward trendline and strong bullish pressure that fueled the pair to 7-month altitudes.
EUR/USD Technical Levels
Price action reveals the consolidation and confirmation of short-term bullish trend matching primary and secondary trends and extending wins against the smashed greenback. Up 178 pips this week, the pair is offered at 1.3525 and oscillates between supports aligned at 1.3516 (February 10th highs), 1.3490 (February 6th lows) ahead of 1.3451 (August 20th highs) and resistances set at 1.3560 (February 6th highs), 1.36 (key psychological resistance) followed by 1.37 (January 24th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and remains above the EMA20. Yesterday’s spike to the 1.3540 zone remains unbeaten but the pair approaches the zone printing higher lows and higher highs as the journey advances. Market participants wait for home sales and job market data due later today in the US for a light Euro-zone session in regards to official new reports.
EUR/USD Technical Levels
Price action reveals the consolidation and confirmation of short-term bullish trend matching primary and secondary trends and extending wins against the smashed greenback. Up 178 pips this week, the pair is offered at 1.3525 and oscillates between supports aligned at 1.3516 (February 10th highs), 1.3490 (February 6th lows) ahead of 1.3451 (August 20th highs) and resistances set at 1.3560 (February 6th highs), 1.36 (key psychological resistance) followed by 1.37 (January 24th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and remains above the EMA20. Yesterday’s spike to the 1.3540 zone remains unbeaten but the pair approaches the zone printing higher lows and higher highs as the journey advances. Market participants wait for home sales and job market data due later today in the US for a light Euro-zone session in regards to official new reports.