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6 Mar 2014
EUR/USD nears 2013 peak
FXStreet (Córdoba) - The EUR/USD continues to move toward the 1.3900 level, having hit fresh 2014 highs during the American afternoon.
The euro staged a sharp rally Thursday after the ECB refrained from signaling easing measures, and recently reached its highest level since Dec 27 at 1.3872, stalling just a few pips below its 2013 peak that stands at 1.3891.
At time of writing, the EUR/USD is trading at the 1.3860 zone, recording a 0.9% gain, with market attention turning now to tomorrow's US nonfarm payrolls.
EUR/USD technical levels
On the upside, immediate resistances could be found at 1.3891 (2013 high Dec 27) and 1.3900 (psychological level). On the other hand, supports are now seen at 1.3720 (Mar 6 low) and 1.3606/00 (Mar 5 low/psychological level).
The euro staged a sharp rally Thursday after the ECB refrained from signaling easing measures, and recently reached its highest level since Dec 27 at 1.3872, stalling just a few pips below its 2013 peak that stands at 1.3891.
At time of writing, the EUR/USD is trading at the 1.3860 zone, recording a 0.9% gain, with market attention turning now to tomorrow's US nonfarm payrolls.
EUR/USD technical levels
On the upside, immediate resistances could be found at 1.3891 (2013 high Dec 27) and 1.3900 (psychological level). On the other hand, supports are now seen at 1.3720 (Mar 6 low) and 1.3606/00 (Mar 5 low/psychological level).