10 Apr 2014
EUR/USD makes marginal new high
FXStreet (Córdoba) - The EUR/USD stretched to fresh 2-week highs during the European session as greenback weakness ignited by not-hawkish FOMC minutes extends.
The EUR/USD resumed the upside and printed a marginal new high of 1.3874 (prev. 1.3870) in recent dealings, after a short-lived correction found support at the 1.3835 area (21-hour SMA). The euro even shrugged-off ECB Monthly Report remarks, where the Governing Council signaled that further monetary easing was a possibility and that the members were committed to using unconventional tools.
EUR/USD levels to watch
The EUR/USD is currently trading at the 1.3865 area, still a few pips above its opening price, with immediate resistances lining up at 1.3874 (Apr 10 high), 1.3900 (psychological level) and 1.3914 (Mar 7 high). On the flip side, supports are seen at 1.3835 (Apr 10 low), 1.3809 (21-day SMA) and 1.3800 (psychological level).
The EUR/USD resumed the upside and printed a marginal new high of 1.3874 (prev. 1.3870) in recent dealings, after a short-lived correction found support at the 1.3835 area (21-hour SMA). The euro even shrugged-off ECB Monthly Report remarks, where the Governing Council signaled that further monetary easing was a possibility and that the members were committed to using unconventional tools.
EUR/USD levels to watch
The EUR/USD is currently trading at the 1.3865 area, still a few pips above its opening price, with immediate resistances lining up at 1.3874 (Apr 10 high), 1.3900 (psychological level) and 1.3914 (Mar 7 high). On the flip side, supports are seen at 1.3835 (Apr 10 low), 1.3809 (21-day SMA) and 1.3800 (psychological level).