20 Aug 2013
EUR/USD in highs around 1.3400
FXstreet.com (Ediinburgh) -The shared currency continues to push higher on Tuesday, lifting the EUR/USD to fresh session highs in the boundaries of the key 1.3400 the figure.
EUR/USD focus on 1.3417
June peaks around 1.3420 continue to be the initial target in any upside attempt, as the pair extends the abrupt bounce off session lows around 1.3325/30 on Tuesday. “The EUR has been performing well recently with EM problems appearing to cause a shift back towards the EUR where periphery spreads have been narrowing, the current account surplus growing and economic activity improving”, noted FX Strategist Greg Gibbs at RBS.
EUR/USD levels to consider
At the moment the pair is advancing 0.35% at 1.3381 and a break above 1.3401 (high Aug.8) would target 1.3417 (high Jun.19) en route to 1.3432 (high Feb.20). On the downside, support levels line up at 1.3314 (low Aug.19) followed by 1.3312 (low Aug.6) and finally 1.3300 (psychological level).
EUR/USD focus on 1.3417
June peaks around 1.3420 continue to be the initial target in any upside attempt, as the pair extends the abrupt bounce off session lows around 1.3325/30 on Tuesday. “The EUR has been performing well recently with EM problems appearing to cause a shift back towards the EUR where periphery spreads have been narrowing, the current account surplus growing and economic activity improving”, noted FX Strategist Greg Gibbs at RBS.
EUR/USD levels to consider
At the moment the pair is advancing 0.35% at 1.3381 and a break above 1.3401 (high Aug.8) would target 1.3417 (high Jun.19) en route to 1.3432 (high Feb.20). On the downside, support levels line up at 1.3314 (low Aug.19) followed by 1.3312 (low Aug.6) and finally 1.3300 (psychological level).