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14 Apr 2015
EUR/USD hits fresh highs above 1.0700
FXStreet (Córdoba) - The euro rose further against the US dollar and printed a fresh daily high at 1.0709. EUR/USD rose above 1.0700 for the first time since last Thursday amid a decline of the dollar across the board, weakened after US economic data and growth forecast made by the International Monetary Fund.
So fair the pair was unable to hold above 1.0700 and pulled back below. Currently trades at 1.0690, up more than 1% for the day. It is the first daily gain for the euro, after falling during the six previous trading sessions.
EUR/USD rebounding from near 2015 lows
The euro rallied today after approaching yesterday's lows and 2015 lows. According to Dmytro Bondar, Technical Analyst at RBS, a recovery in the pair is looming amid candlesticks patterns and technical indicators, as oscillators, on the weekly chart. Bondar sees resistance zones at 1.075, 1.100 and 1.135 and support areas at 1.0500, 1.025 and 0.986.
So fair the pair was unable to hold above 1.0700 and pulled back below. Currently trades at 1.0690, up more than 1% for the day. It is the first daily gain for the euro, after falling during the six previous trading sessions.
EUR/USD rebounding from near 2015 lows
The euro rallied today after approaching yesterday's lows and 2015 lows. According to Dmytro Bondar, Technical Analyst at RBS, a recovery in the pair is looming amid candlesticks patterns and technical indicators, as oscillators, on the weekly chart. Bondar sees resistance zones at 1.075, 1.100 and 1.135 and support areas at 1.0500, 1.025 and 0.986.