17 Oct 2013
EUR/USD jumps to 1.3550 highs; targets revisit; House says yes
FXstreet.com (Chicago) - EUR/USD stretched higher shortly after the US bill was approved by the House with now, only one step away from being official with Obama’s signature.
One step away from “official”
The US House just passed the bill to end the government shutdown and extend the debt ceiling deadline to next year. Later economic facts to be released are the Eurozone current account results along job market data in the US.
EUR/USD Technical Levels
Price action reveals the pair consolidated upward trendline that was violated with yesterday’s drop. Printing 1.3550 session highs, the pair retraces 10 pips to now navigate between supports aligned at 1.3461 (September 24th lows), 1.34 (August 28th highs) followed by 1.3220 (August 26th lows) and the resistances set at 1.3564 (September 28th highs), 1.3631 (October 4th highs) followed by 1.3716 (January 30th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
One step away from “official”
The US House just passed the bill to end the government shutdown and extend the debt ceiling deadline to next year. Later economic facts to be released are the Eurozone current account results along job market data in the US.
EUR/USD Technical Levels
Price action reveals the pair consolidated upward trendline that was violated with yesterday’s drop. Printing 1.3550 session highs, the pair retraces 10 pips to now navigate between supports aligned at 1.3461 (September 24th lows), 1.34 (August 28th highs) followed by 1.3220 (August 26th lows) and the resistances set at 1.3564 (September 28th highs), 1.3631 (October 4th highs) followed by 1.3716 (January 30th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.