EUR/USD advances to new highs

By FXstreet.com | June 12, 2014 AAA

FXStreet (Córdoba) - A weak US dollar pushed the EUR/USD to fresh daily highs above 1.3550, extending gains. Earlier the pair dropped to weekly lows at 1.3515 but then rebounded and recently climbed to 1.3570, hitting the strongest level in two days.



The pair remains near daily highs, consolidating gains. The common currency is about to rise for the first time in a week against the US dollar but is still below the price it had at the opening on Monday.



The Euro has also risen during the American session against the Pound and trimmed losses versus commodity currencies as stock in Wall Street decline further.



comments powered by Disqus
Related Forex Analysis
  1. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. EUR/USD Sitting Still
    Investing

    EUR/USD Sitting Still

Trading Center