21 Jul 2015
EUR/USD takes a breather ahead of 1.0950
FXStreet (Córdoba) - EUR/USD extended its recovery beyond the 1.0900 level and climbed to fresh weekly highs during the New York trade, as the dollar weakened across the board without a clear catalyst for the move.
EUR/USD has risen more than 100 pips from European session lows, also benefited from inflows on the back of higher Bund yields, and reached a 5-day peak of 1.0947 before losing momentum and taking a breather. At time of writing, the pair was trading at 1.0938, recording a 1.06% gain on Tuesday.
The dollar came under broad pressure withough a clear trigger and with some analysts blaming profit taking flows.
EUR/USD technical levels
As for technical levels, EUR/USD might see resistances at 1.0965 (10-day SMA), 1.1000 (psychological level/100-day SMA) and 1.1035 (Jul 15 high). On flip side, next supports could be found at 1.0811/08 (Jul 21 & 20 lows), 1.0800 (psychological level) and then 1.0784 (Apr 24 low).
EUR/USD has risen more than 100 pips from European session lows, also benefited from inflows on the back of higher Bund yields, and reached a 5-day peak of 1.0947 before losing momentum and taking a breather. At time of writing, the pair was trading at 1.0938, recording a 1.06% gain on Tuesday.
The dollar came under broad pressure withough a clear trigger and with some analysts blaming profit taking flows.
EUR/USD technical levels
As for technical levels, EUR/USD might see resistances at 1.0965 (10-day SMA), 1.1000 (psychological level/100-day SMA) and 1.1035 (Jul 15 high). On flip side, next supports could be found at 1.0811/08 (Jul 21 & 20 lows), 1.0800 (psychological level) and then 1.0784 (Apr 24 low).