Forex: EUR/USD hits fresh highs above 1.3030
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The EURUSD managed to break above the 1.3030 level as the dollar selling extends in the wake of the US non-farm payrolls report. Even though the pair initially stalled at 1.3030, 61.8% retracement of the 1.3172/1.2803 drop, it picked up momentum afterward and rose as high as 1.3041 so far.
At time of writing, EURUSD is quoting at the 1.3035 area, where it prints a 0.1% gain on Friday, and having risen 4 out of the last 5 trading days.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com comments that if EURUSD manages to clear the 1.3050 resistance area, it could probably reach 1.3090. "Above 1.3100, there is no much in the middle until September highs of 1.3170, but I can't see enough strength to break above 1.3100 today", the analyst adds.
At time of writing, EURUSD is quoting at the 1.3035 area, where it prints a 0.1% gain on Friday, and having risen 4 out of the last 5 trading days.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com comments that if EURUSD manages to clear the 1.3050 resistance area, it could probably reach 1.3090. "Above 1.3100, there is no much in the middle until September highs of 1.3170, but I can't see enough strength to break above 1.3100 today", the analyst adds.
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