3 Dec 2013
EUR/USD falters ahead of 1.3600
FXstreet.com (Córdoba) - The EUR/USD broke to fresh daily highs at the beginning of the American session amid fresh USD weakness.
The EUR/USD rose above the 1.3580 zone, where the 100-hour SMA reinforced the resistance level, and climbed to a fresh high of 1.3592. However, the pair lacked momentum to reach the 1.3600 psychological level, stalling a few pips shy of the mark. At time of writing, EUR/USD is trading at the 1.3585 zone, recording a 0.3% gain on the day.
EUR/USD technical levels
In terms of technical levels, if the EUR/USD breaks above 1.3600 it could rise towards 1.3615/21 (Dec 2/Nov 29 highs) and 1.3625 (61.8% retracement of 1.3832/1.3295) and then to 1.3650 (Oct 21 low). On the other hand, supports are now seen at 1.3525 (daily low) and 1.3515 (Nov 26 low).
The EUR/USD rose above the 1.3580 zone, where the 100-hour SMA reinforced the resistance level, and climbed to a fresh high of 1.3592. However, the pair lacked momentum to reach the 1.3600 psychological level, stalling a few pips shy of the mark. At time of writing, EUR/USD is trading at the 1.3585 zone, recording a 0.3% gain on the day.
EUR/USD technical levels
In terms of technical levels, if the EUR/USD breaks above 1.3600 it could rise towards 1.3615/21 (Dec 2/Nov 29 highs) and 1.3625 (61.8% retracement of 1.3832/1.3295) and then to 1.3650 (Oct 21 low). On the other hand, supports are now seen at 1.3525 (daily low) and 1.3515 (Nov 26 low).