EUR/USD higher on the back of broad USD weakness

FXstreet.com (Barcelona) - The EUR/USD foreign exchange rate is last trading at fresh session highs 1.3287 surging on broad USD weakness and helped on improving risk appetite in the region, despite Nikkei index falling like a rock down -2.14%.

EUR/USD further advances supported

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart shows a strong upward momentum in the pair, with price accelerating above a bullish 20 SMA and indicators heading north in positive territory, approaching overbought readings. In the 4 hours chart indicators also picked up after being flat for the past 2 days, supporting further advances in Asia.”

EUR/USD key technical levels

Bednarik locates support levels at: 1.3255, 1.3210 and 1.3170, while resistance levels at: 1.3295, 1.3330 and 1.3365.