9 Dec 2013
EUR/USD remains capped by 1.3730, 6-week high
FXstreet.com (Córdoba) - The EUR/USD touched a marginal new high during the New York session but failed to gather steam to extend gains past the 1.3730 area.
The EUR/USD was boosted by positive sentiment Monday and even shrugged off a dismal German Industrial Production report. On the other hand, the USD failed to benefit from strong payrolls last week, as it seems strong numbers didn't convince investors the Fed could start to taper this month. The EUR/USD peaked at 1.3730 and has spent the last hours hovering just below that level, contained by 1.3710 on the downside.
EUR/USD technical levels
At time of writing, the EUR/USD is trading at the 1.3720 zone, recording a 0.1% gain on the day. As for technical levels, immediate resistances line up at 1.3730 (daily high) and 1.3739 (Oct 31 high) ahead of 1.3785 (Oct 30 high). On the downside, supports are seen at 1.3700 (psychological level) and 1.3615 (10-day SMA).
The EUR/USD was boosted by positive sentiment Monday and even shrugged off a dismal German Industrial Production report. On the other hand, the USD failed to benefit from strong payrolls last week, as it seems strong numbers didn't convince investors the Fed could start to taper this month. The EUR/USD peaked at 1.3730 and has spent the last hours hovering just below that level, contained by 1.3710 on the downside.
EUR/USD technical levels
At time of writing, the EUR/USD is trading at the 1.3720 zone, recording a 0.1% gain on the day. As for technical levels, immediate resistances line up at 1.3730 (daily high) and 1.3739 (Oct 31 high) ahead of 1.3785 (Oct 30 high). On the downside, supports are seen at 1.3700 (psychological level) and 1.3615 (10-day SMA).