22 Jan 2014
EUR/USD threatens daily highs
FXstreet.com (Córdoba) - The EUR/USD picked up fresh momentum and recovered ground ahead of the New York opening, climbing back to the upper side of today's range.
EUR/USD gathers momentum
After finding support at the 1.3535 area and following a quieter phase, the EUR/USD gathered steam and rallied to a high of 1.3576, stalling just a few pips ahead of its daily peak and immediate resistance at 1.3579. At time of writing, the EUR/USD is trading at the 1.3570 zone, a few pips above its opening price. No first-tier data is scheduled for the American session today.
EUR/USD technical levels
If the EUR/USD breaks above the 1.3580 area, it could rise towards 1.3600 (psychological level) en-route to 1.3640 (20-day SMA). On the flip side, supports could be found at 1.3534 (Jan 22 low), 1.3515 (Jan 21 low) and 1.3507 (Jan 20 low).
EUR/USD gathers momentum
After finding support at the 1.3535 area and following a quieter phase, the EUR/USD gathered steam and rallied to a high of 1.3576, stalling just a few pips ahead of its daily peak and immediate resistance at 1.3579. At time of writing, the EUR/USD is trading at the 1.3570 zone, a few pips above its opening price. No first-tier data is scheduled for the American session today.
EUR/USD technical levels
If the EUR/USD breaks above the 1.3580 area, it could rise towards 1.3600 (psychological level) en-route to 1.3640 (20-day SMA). On the flip side, supports could be found at 1.3534 (Jan 22 low), 1.3515 (Jan 21 low) and 1.3507 (Jan 20 low).