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Forex pairs in this Article » EUR/USD (Edinburgh) - The shared currency continues its relentless upside on Thursday, lifting the EUR/USD to the vicinity of 1.3650 as the greenback continues to lose the grip.

EUR/USD momentum increases

The bid tone around the euro is gathering steam on the back of a generalized selling interest surrounding the greenback, pushing the pair more than 5 big-figures since early September lows around 1.3100 the figure. “Yesterday's break through 1.3540 switched the bias to positive again and current outlook is bullish, for a rise towards 1.3710 resistance area. Initial support is projected at 1.3540, followed by the crucial low at 1.3502”, commented Stoyan Mihaylov, Strategist at

EUR/USD key levels

The pair is now advancing 0.40% at 1.3634 with the next resistance at 1.3660 (high Feb.4) ahead of 1.3711 (2013 high Feb.1) and then 1.3800 (psychological level). On the downside, a break below 1.3578 (low Oct.3) would clear the way to 1.3526 (MA10d) and finally 1.3505 (low Oct.2).
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