2 May 2016
EUR/USD regains 1.1500, hovers near 8-month highs
EUR/USD managed to regain the 1.1500 level and consolidates gains near recent highs as the greenback continues to underperform across the board.
EUR/USD climbed to a peak of 1.1534 earlier on the day, but with the subsequent pullback being contained by 1.1490 the pair managed to settle in a slim range near highs over the last hours. At time of writing, EUR/USD is trading at 1.1513, up 0.59% on the day.
EUR/USD technical levels
In terms of technical levels, immediate resistances are seen at 1.1534 (May 2 high), 1.1560 (Aug 26 2015 high) and 1.1620 (Aug 25 2015 high). On the other hand, supports could be found at 1.1447 (May 2 low), 1.1346/41 (Apr 29 low/20-day SMA) and 1.1297 (Apr 28 low).
EUR/USD climbed to a peak of 1.1534 earlier on the day, but with the subsequent pullback being contained by 1.1490 the pair managed to settle in a slim range near highs over the last hours. At time of writing, EUR/USD is trading at 1.1513, up 0.59% on the day.
EUR/USD technical levels
In terms of technical levels, immediate resistances are seen at 1.1534 (May 2 high), 1.1560 (Aug 26 2015 high) and 1.1620 (Aug 25 2015 high). On the other hand, supports could be found at 1.1447 (May 2 low), 1.1346/41 (Apr 29 low/20-day SMA) and 1.1297 (Apr 28 low).