25 Jul 2013
EUR/USD prints fresh daily highs
FXstreet.com (Córdoba) - The EUR/USD took another step higher during the afternoon trade in New York as investors get rid of the greenback amid better risk appetite.
EUR/USD extends gains above 1.3240
EUR/USD pushed through the 1.3240 resistance zone and stretched to a fresh daily high of 1.3252 coincidently with US stocks printing fresh highs as well. However, EUR/USD stalled just ahead of yesterday’s 1-month peak of 1.3256 and it is currently trading around 1.3245, up 0.4% on the day, having recovered from a low of 1.3165.
EUR/USD technical levels
In terms of technical levels, if EUR/USD clears the 1.3255/60 area (Jul 24 high/76% of 1.3415-1.2757), next resistance could be found at 1.3300 (psychological level/Jun 20 high), while supports are now seen at 1.3190 (100-hour SMA) and 1.3165 (daily low).
EUR/USD extends gains above 1.3240
EUR/USD pushed through the 1.3240 resistance zone and stretched to a fresh daily high of 1.3252 coincidently with US stocks printing fresh highs as well. However, EUR/USD stalled just ahead of yesterday’s 1-month peak of 1.3256 and it is currently trading around 1.3245, up 0.4% on the day, having recovered from a low of 1.3165.
EUR/USD technical levels
In terms of technical levels, if EUR/USD clears the 1.3255/60 area (Jul 24 high/76% of 1.3415-1.2757), next resistance could be found at 1.3300 (psychological level/Jun 20 high), while supports are now seen at 1.3190 (100-hour SMA) and 1.3165 (daily low).