Forex: EUR/USD breaks above 1.3000
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The euro has continued to move higher versus the dollar, having recently overcome the 1.3000 psychological level to hit a fresh 2-week high.
Supported by ECB decision and Draghi's words, improving jobs figures in the US and a decent Spanish auction, EURUSD has gained over 110 pips throughout the day to reach its highest since Sept. 21 at 1.3020 so far.
EURUSD is currently trading barely below highs at the 1.3015 area, where it prints a 0.9% gain on Thursday, with the pair having risen 3 out of the last 4 days, moving further away from a low of 1.2803 scored on Monday.
"Early week range has been broken to the upside, with scope now to test 1.3030 before facing some selling interest", says Valeria Bednarik, chief analyst at FXstreet.com. "Above this latter, doors will open for a ride towards 1.3100 later on the day".
Supported by ECB decision and Draghi's words, improving jobs figures in the US and a decent Spanish auction, EURUSD has gained over 110 pips throughout the day to reach its highest since Sept. 21 at 1.3020 so far.
EURUSD is currently trading barely below highs at the 1.3015 area, where it prints a 0.9% gain on Thursday, with the pair having risen 3 out of the last 4 days, moving further away from a low of 1.2803 scored on Monday.
"Early week range has been broken to the upside, with scope now to test 1.3030 before facing some selling interest", says Valeria Bednarik, chief analyst at FXstreet.com. "Above this latter, doors will open for a ride towards 1.3100 later on the day".
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