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16 Dec 2013
EUR/USD hits fresh daily highs
FXstreet.com (Córdoba) - The EUR/USD pushed higher and reached a fresh daily peak during the European session, after the shared currency was underpinned by better-than-expected Eurozone PMI and trade balance figures.
The EUR/USD managed to rise past the 100-hour SMA and the 1.3770 level and climbed to a fresh daily high of 1.3788 so far. However, the EUR/USD has lacked momentum to extend gains toward the 1.3800/11 zone as investors await the Fed decision later this week.
EUR/USD levels to watch
As for technical levels, the EUR/USD could find immediate resistances at 1.3800 (psychological level) and 1.3811 (Dec 11 high) ahead of 1.3732 (2013 high Oct 25). On the flip side, supports are seen at 1.3727 (daily low), 1.3710 (10-day SMA) and 1.3693 (Dec 9 low).
The EUR/USD managed to rise past the 100-hour SMA and the 1.3770 level and climbed to a fresh daily high of 1.3788 so far. However, the EUR/USD has lacked momentum to extend gains toward the 1.3800/11 zone as investors await the Fed decision later this week.
EUR/USD levels to watch
As for technical levels, the EUR/USD could find immediate resistances at 1.3800 (psychological level) and 1.3811 (Dec 11 high) ahead of 1.3732 (2013 high Oct 25). On the flip side, supports are seen at 1.3727 (daily low), 1.3710 (10-day SMA) and 1.3693 (Dec 9 low).