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3 Feb 2015
EUR/USD in highs above 1.1500
FXStreet (Edinburgh) - The European currency marches unabated on Tuesday, pushing EUR/USD to post fresh highs beyond the 1.1500 handle.
EUR/USD in 2-week tops
The bid tone around the euro is now gathering further pace, with spot escalating to multi-day peaks in the 1.1530/35 band. The generalized risk-on sentiment continues to drive the current bull run, supported at the same time by a recovery in the crude oil prices and the offered tone in the greenback following poor data releases in the US economy.
EUR/USD significant levels
At the moment the pair is up 1.51% at 1.1507 with the next hurdle at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22). On the other hand, a breakdown of 1.1312 (hourly low Feb.3) would target 1.1280 (low Feb.2) en route to 1.1262 (low Jan.29).
EUR/USD in 2-week tops
The bid tone around the euro is now gathering further pace, with spot escalating to multi-day peaks in the 1.1530/35 band. The generalized risk-on sentiment continues to drive the current bull run, supported at the same time by a recovery in the crude oil prices and the offered tone in the greenback following poor data releases in the US economy.
EUR/USD significant levels
At the moment the pair is up 1.51% at 1.1507 with the next hurdle at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22). On the other hand, a breakdown of 1.1312 (hourly low Feb.3) would target 1.1280 (low Feb.2) en route to 1.1262 (low Jan.29).