18 Nov 2013
EUR/USD extends gains after US data
FXstreet.com (Córdoba) - The EUR/USD extended gains to fresh highs at the beginning of the New York session, underpinned by stocks gains and better-than-expected US TIC flows data.
The EUR/USD rose to a fresh 2-week high of 1.3529, last seen Nov 6, and it continues to threaten highs recording a 0.3% gain on the day. Earlier, solid Eurozone trade surplus provided the euro some support and helped the pair to consolidate above 1.3500. The calendar is empty for the rest of the day, with only a couple of Fed speakers.
EUR/USD key levels
In terms of technical levels, once above 1.3529 the EUR/USD could find next resistances at 1.3547 (Nov 6 high) and 1.3578 (20-day high). On the other hand, supports are seen at 1.3473 (daily low), 1.3430 (Nov 15 low) and 1.3400 (daily low).
The EUR/USD rose to a fresh 2-week high of 1.3529, last seen Nov 6, and it continues to threaten highs recording a 0.3% gain on the day. Earlier, solid Eurozone trade surplus provided the euro some support and helped the pair to consolidate above 1.3500. The calendar is empty for the rest of the day, with only a couple of Fed speakers.
EUR/USD key levels
In terms of technical levels, once above 1.3529 the EUR/USD could find next resistances at 1.3547 (Nov 6 high) and 1.3578 (20-day high). On the other hand, supports are seen at 1.3473 (daily low), 1.3430 (Nov 15 low) and 1.3400 (daily low).