Forex: EUR/USD touches 1.3000
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The euro took another step higher and printed a fresh daily high of 1.3000 after a slightly better than expected report on US wholesale inventories.
EURUSD made its way to the 1.3000 psychological level supported by risk appetite, but lacked momentum to overcome that level as investors await any sign of progress in US fiscal cliff talks and ahead of the Fed decision scheduled for Wednesday.
At time of writing, EURUSD is trading at the 1.2990/95 zone, still up 0.4% on the day. From a technical view, Valeria Bednarik, analyst at FXstreet.com argues that the 4 hours chart holds a positive bias, with 1.3020/30 area as immediate resistance level. "The downside remains limited by 1.2930/40 price zone".
EURUSD made its way to the 1.3000 psychological level supported by risk appetite, but lacked momentum to overcome that level as investors await any sign of progress in US fiscal cliff talks and ahead of the Fed decision scheduled for Wednesday.
At time of writing, EURUSD is trading at the 1.2990/95 zone, still up 0.4% on the day. From a technical view, Valeria Bednarik, analyst at FXstreet.com argues that the 4 hours chart holds a positive bias, with 1.3020/30 area as immediate resistance level. "The downside remains limited by 1.2930/40 price zone".
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