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27 Nov 2013
EUR/USD breaks above 1.3600
FXstreet.com (Córdoba) - The EUR/USD picked up momentum to break above the 1.3600 mark and extended gains to its highest level in nearly a month.
EUR/USD hits fresh November high
Led higher by Cable gains, the EUR/USD pierced the 1.3600 hurdle, triggering stops and rising to a fresh November high of 1.3612 in recent dealings. At time of writing, the EUR/USD is trading at the 1.3605 zone, recording a 0.3% gain Wednesday, the second in a row. During the European session, the German Gfk Consumer Confidence survey also helped to underpin the shared currency.
EUR/USD levels to watch
In terms of technical levels, a break above 1.3612 would pave the way towards 1.3625 (38.2% retracement of the 1.3832/1.3295 fall) and then 1.3700 (psychological level). On the other hand, supports are now seen at 1.3556 (daily low) and 1.3515 (Nov 26 low) ahead of 1.3502 (21-day SMA).
EUR/USD hits fresh November high
Led higher by Cable gains, the EUR/USD pierced the 1.3600 hurdle, triggering stops and rising to a fresh November high of 1.3612 in recent dealings. At time of writing, the EUR/USD is trading at the 1.3605 zone, recording a 0.3% gain Wednesday, the second in a row. During the European session, the German Gfk Consumer Confidence survey also helped to underpin the shared currency.
EUR/USD levels to watch
In terms of technical levels, a break above 1.3612 would pave the way towards 1.3625 (38.2% retracement of the 1.3832/1.3295 fall) and then 1.3700 (psychological level). On the other hand, supports are now seen at 1.3556 (daily low) and 1.3515 (Nov 26 low) ahead of 1.3502 (21-day SMA).