4 Aug 2015
EUR/USD challenges highs near 1.0980
FXStreet (Edinburgh) - The European currency continues to gather further pace against the greenback on Tuesday, pushing EUR/USD to the area of daily highs near 1.0980.
EUR/USD bounced off 1.0930
After dropping to session troughs around 1.0930 during overnight trading, the pair has managed to recover the buying interest and attempt another bull run to the upper bound of the daily range near 1.0980/85.
Spot continues to trade in the positive territory along with a softer tone in the US dollar, all against an empty docket in Europe and with Factory Orders taking centre stage across the pond.
EUR/USD key levels
As of writing the pair is advancing 0.28% at 1.0981 facing the next resistance at 1.1080 (high Jul.29) followed by 1.1113 (high Jul.31) and then 1.1130 (high Jul.27). On the flip side, a break below 1.0921 (low Jul.31) would target 1.0893 (low Jul.30) en route to 1.0811 (low Jul.11).
EUR/USD bounced off 1.0930
After dropping to session troughs around 1.0930 during overnight trading, the pair has managed to recover the buying interest and attempt another bull run to the upper bound of the daily range near 1.0980/85.
Spot continues to trade in the positive territory along with a softer tone in the US dollar, all against an empty docket in Europe and with Factory Orders taking centre stage across the pond.
EUR/USD key levels
As of writing the pair is advancing 0.28% at 1.0981 facing the next resistance at 1.1080 (high Jul.29) followed by 1.1113 (high Jul.31) and then 1.1130 (high Jul.27). On the flip side, a break below 1.0921 (low Jul.31) would target 1.0893 (low Jul.30) en route to 1.0811 (low Jul.11).