Forex: EUR/USD retests top of its range

FXstreet.com (Córdoba) - With no clear catalyst other than buying interest into the weekend, the EURUSD rallied during the American afternoon, breaking above several resistance levels to retest the top of its 3-month range at 1.3172 in recent dealings.

The pair stalled just at 1.3172, where it had peaked twice in September before a leg lower took the pair toward 1.2660.

At time of writing, EURUSD is trading at the 1.3165 zone, recording a 0.7% gain on the day, with immediate resistance at 1.3172 followed by the 1.3200 psychological level. On the other hand, supports are seen at 1.3100 and 1.3060.