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8 Jun 2015
EUR/USD makes fresh highs, erases post-NFP losses
FXStreet (Córdoba) - EUR/USD pushed higher and broke through previous daily peaks as the dollar continues to weaken across the board during the American session.
EUR/USD extended gains to a high of 1.1243, leading the euro to make gains across the board. At time of writing, the pair is trading at 1.1237, recording a 1.07% gain on Monday and having completely erased Friday’s losses.
The euro remains underpinned by German yields, while comments coming from the G7 attract investors’ attention in the absence of economic data. Among remarks, US President Obama said Greeks have to make "tough political choices".
EUR/USD supports and resistances
In terms of technical levels, immediate resistances could be found at 1.1279 (Jun 5 high) and 1.1300 (psychological level). On the other hand, supports are seen at 1.1083 (daily low), 1.1065 (100-day SMA) and 1.1049 (Jun 5 low).
EUR/USD extended gains to a high of 1.1243, leading the euro to make gains across the board. At time of writing, the pair is trading at 1.1237, recording a 1.07% gain on Monday and having completely erased Friday’s losses.
The euro remains underpinned by German yields, while comments coming from the G7 attract investors’ attention in the absence of economic data. Among remarks, US President Obama said Greeks have to make "tough political choices".
EUR/USD supports and resistances
In terms of technical levels, immediate resistances could be found at 1.1279 (Jun 5 high) and 1.1300 (psychological level). On the other hand, supports are seen at 1.1083 (daily low), 1.1065 (100-day SMA) and 1.1049 (Jun 5 low).