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21 Aug 2015
EUR/USD gathers pace and hits 2-month highs
FXStreet (Córdoba) - EUR/USD picked up fresh momentum and extended gains to fresh 2-month highs as the dollar continues to suffer on the back of FOMC minutes and the euro is among the best performers.
EUR/USD broke above the 1.1300 level on Friday and rose through the 200-day SMA to reach its highest level since Jun 22 at 1.1352 in recent dealings. At time of writing, the pair is trading at 1.1350, recording a 0.97% gain on Friday.
EUR/USD levels to watch
As for technical levels, next resistances are seen at 1.1400 (psychological level), 1.1409 (Jun 22 high) and 1.1435 (Jun 18 high). On the other hand, supports could be found at 1.1228 (Aug 21 low), 1.1213 (Aug 12 high) and 1.1200 (psychological level).
EUR/USD broke above the 1.1300 level on Friday and rose through the 200-day SMA to reach its highest level since Jun 22 at 1.1352 in recent dealings. At time of writing, the pair is trading at 1.1350, recording a 0.97% gain on Friday.
EUR/USD levels to watch
As for technical levels, next resistances are seen at 1.1400 (psychological level), 1.1409 (Jun 22 high) and 1.1435 (Jun 18 high). On the other hand, supports could be found at 1.1228 (Aug 21 low), 1.1213 (Aug 12 high) and 1.1200 (psychological level).