5 Dec 2013
EUR/USD jumps into European open on stops trigger
FXstreet.com (Barcelona) - Having ranged overnight, posting a low at 1.3580, EUR/USD has soared into the European session, climbing to post a high at 1.3640, before declining to where it is presently trading at 1.3630. up 0.33% on the day.
EUR/USD pushes high on stops triggered
With little going on calendar wise, the morning push higher looks to be led by stops being trigger. Matt Bacon-Hall of FXBeat comments “Buy stops above 1.3630 have been triggered, with more layered to 1.3660.” Ahead this morning, the obvious points of interest are the ECB Interest Rate decision and the policy statement and press conference at 12:45 and 13:30 GMT respectively.
What are today’s key EUR/USD levels?
Today’s central pivot point can be found at 1.3573, with support below at .3540 (S1), 1.3494 (S2) and 1.3461 (S3) and resistance above at 1.3619 (R1), 1.3652 (R2) and 1.3698 (R3). Special Attention should be paid to the range between 1.3631-3597 where numerous technical levels are confluent today.
EUR/USD pushes high on stops triggered
With little going on calendar wise, the morning push higher looks to be led by stops being trigger. Matt Bacon-Hall of FXBeat comments “Buy stops above 1.3630 have been triggered, with more layered to 1.3660.” Ahead this morning, the obvious points of interest are the ECB Interest Rate decision and the policy statement and press conference at 12:45 and 13:30 GMT respectively.
What are today’s key EUR/USD levels?
Today’s central pivot point can be found at 1.3573, with support below at .3540 (S1), 1.3494 (S2) and 1.3461 (S3) and resistance above at 1.3619 (R1), 1.3652 (R2) and 1.3698 (R3). Special Attention should be paid to the range between 1.3631-3597 where numerous technical levels are confluent today.