18 Nov 2013
EUR/USD falters ahead of 1.3550
FXstreet.com (Córdoba) - The EUR/USD has kept pushing higher during the New York session, printing fresh 2-week highs helped by broad US stocks gains.
EUR/USD rises to fresh 2-week highs
US National Association of Home Builders Index was unchanged at 54 in November from a downwardly revised October reading, missing expectations of 55. The EUR/USD broke above 1.3530 and stretched to its highest level since Nov 6 at 1.3540 in recent dealings. At time of writing, EUR/USD is trading at 1.3530, recording a 0.3% rise Monday.
EUR/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that EUR/USD keeps a positive tone but says the pair needs to consolidate gains above 1.3550 to actually define a bullish trend.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find next resistances at 1.3547 (Nov 6 high) and 1.3578 (20-day high). On the other hand, supports are seen at 1.3473 (daily low), 1.3430 (Nov 15 low) and 1.3400 (daily low).
EUR/USD rises to fresh 2-week highs
US National Association of Home Builders Index was unchanged at 54 in November from a downwardly revised October reading, missing expectations of 55. The EUR/USD broke above 1.3530 and stretched to its highest level since Nov 6 at 1.3540 in recent dealings. At time of writing, EUR/USD is trading at 1.3530, recording a 0.3% rise Monday.
EUR/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that EUR/USD keeps a positive tone but says the pair needs to consolidate gains above 1.3550 to actually define a bullish trend.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could find next resistances at 1.3547 (Nov 6 high) and 1.3578 (20-day high). On the other hand, supports are seen at 1.3473 (daily low), 1.3430 (Nov 15 low) and 1.3400 (daily low).