Filed Under:
Forex pairs in this Article » EUR/USD (Barcelona) - The EUR/USD keeps pushing higher on Wednesday, reaching fresh multi-months highs in the boundaries of 1.3360.

EUR/USD sell on rallies?

In the opinion of Tim Riddelll, Head of Global Markets Research at ANZ, “The current push above 1.3250 may raise concern over an extension towards 1.3475-1.3500, but the overall pattern remains the same. A broad range is being defined with the bias being that the squeeze may falter in the 1.33’s. An extension should merely define a 1.25-1.35 range. Dips below 1.3115 would signal that the range has been defined”.

Levels to watch on EUR/USD

As of writing, the pair is gaining 0.24% at 1.3345 with the next hurdle at 1.3456 (high Feb.14) followed by 1.3520 (high Feb.13) and then 1.3577 (high Feb.7). On the downside, a break below 1.3266 (low Jun.12) would target 1.3177 (low Jun.10) en route to 1.3162 (MA10d).
comments powered by Disqus