8 Jun 2015
EUR/USD triggers stops and extends gains
FXStreet (Córdoba) - The euro extended gains to fresh highs as it advances across the board, underpinned by German yields rise. EUR/USD triggered stops on the break of its European session high of 1.1178 and stretched to a peak of 1.1191 in recent dealings.
The pair is recovering some of its post nonfarm payrolls losses as the dollar weakened across the board following a report, later denied, that US President Barack Obama had expressed concern over USD strength.
However, lack of conviction dominates and keeps EUR/USD within Friday’s boundaries as Greek uncertainty prevails.
EUR/USD levels to watch
EUR/USD is currently trading at the 1.1185 zone, recording a 0.64% gain on the day. On the upside, immediate resistances are seen at 1.1200 (psychological level) and 1.1279 (Jun 5 high). On the downside, supports could be found at 1.1083 (daily low), 1.1065 (100-day SMA) and 1.1049 (Jun 5 low).
The pair is recovering some of its post nonfarm payrolls losses as the dollar weakened across the board following a report, later denied, that US President Barack Obama had expressed concern over USD strength.
However, lack of conviction dominates and keeps EUR/USD within Friday’s boundaries as Greek uncertainty prevails.
EUR/USD levels to watch
EUR/USD is currently trading at the 1.1185 zone, recording a 0.64% gain on the day. On the upside, immediate resistances are seen at 1.1200 (psychological level) and 1.1279 (Jun 5 high). On the downside, supports could be found at 1.1083 (daily low), 1.1065 (100-day SMA) and 1.1049 (Jun 5 low).