The
shared currency extends its upward trajectory into a fifth day versus
the US dollar in mid-Asia, pushing EUR/USD to fresh session highs above
1.10 handle. The major is seen picking up pace on the back of broad
based US dollar weakness as weak US home sales data continue to weigh on
the greenback.
EUR/USD rises from 1.0971
The
EUR/USD pair trades 0.18% higher at fresh session highs of 1.1005,
finally reclaiming 1.10 handle. The bid tone around the EUR/USD pair
keeps growing bigger in the mid-Asian session as the European currency
continues to benefit from the recent Greek optimism and broad USD
weakness.
EUR/USD Technical Levels
The
pair has an immediate resistance at 1.1019 (July 23 High) levels, above
which gains could be extended to 1.1036 (July 15 High) levels. On the
flip side, support is seen at 1.0971 (Today’s Low) below which it could
extend losses to 1.0924 (July 24 Low) levels.
Source: FxStreet
0 komentar :
Post a Comment