Forex: EUR/USD pushes higher, at 1.3252 high
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EUR/USD
FXstreet.com (Barcelona) - Demand over the EURUSD regained the 1.3200 level this week and eyes the 1.3300 mark printed last Wednesday. Late Asian hours allowed a buying momentum from 1.3225 to 1.3252 high.
Market volumes remain thin by the year end. The UBS consumption indicator for Switzerland eased from 1.30 to 1.23 in November, and the French consumer confidence is still to be released.
"As long as support at 1.3143 holds, the risk is for a break above 1.3386 to extend the strength to 1.3493", wrote UBS analyst Gareth Berry, pointing to support at 1.3143.
Market volumes remain thin by the year end. The UBS consumption indicator for Switzerland eased from 1.30 to 1.23 in November, and the French consumer confidence is still to be released.
"As long as support at 1.3143 holds, the risk is for a break above 1.3386 to extend the strength to 1.3493", wrote UBS analyst Gareth Berry, pointing to support at 1.3143.
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