Back
11 Sep 2013
EUR/USD takes another step higher
FXstreet.com (Córdoba) - The EUR/USD took another step higher and reached a fresh 2-week high during the American afternoon, as the greenback faced another wave of selling.
EUR/USD resumes the upside
Following a short-lived dip that was contained by the 1.3290 zone, EUR/USD resumed the upside and stretched to its highest level in 2 weeks at 1.3323 as the strong demand at a US 10-year auction sent yields down and weighed on the dollar. At time of writing, EUR/USD is trading at the 1.3315 area, still up 0.4% on the day.
EUR/USD key levels
In terms of technical levels, if EUR/USD rises beyond 1.3323 it could pave the way toward 1.3345 (Aug 29 high) and then 1.3360 (200-week SMA). On the flip side, immediate support levels are seen at 1.3280 (former resistance) and 1.3243 (daily low).
EUR/USD resumes the upside
Following a short-lived dip that was contained by the 1.3290 zone, EUR/USD resumed the upside and stretched to its highest level in 2 weeks at 1.3323 as the strong demand at a US 10-year auction sent yields down and weighed on the dollar. At time of writing, EUR/USD is trading at the 1.3315 area, still up 0.4% on the day.
EUR/USD key levels
In terms of technical levels, if EUR/USD rises beyond 1.3323 it could pave the way toward 1.3345 (Aug 29 high) and then 1.3360 (200-week SMA). On the flip side, immediate support levels are seen at 1.3280 (former resistance) and 1.3243 (daily low).