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8 Oct 2013
EUR/USD rises above 1.3600 but struggles to hold
FXstreet.com (Córdoba) - The EUR/USD picked up fresh momentum and managed to pierce the 1.3600 mark toward fresh daily highs as the greenback remains vulnerable amid few signs of a deal to end the US shutdown or raise the debt ceiling.
Following a couple of failed attempts over the last couple of days, EUR/USD finally pushed through 1.3600 and scored a high of 1.3606 in recent dealings. However, the pair failed to hold for long and pulled back slightly to currently trade around 1.3590, still up 0.1% on the day.
EUR/USD needs to regain 1.3610
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com pointed out that EUR/USD needs at least to regain the 1.3610 level to pave the way towards 1.3645, this month high.
As for technical levels, Bednarik locates next resistances at 1.3610, 1.3645 and 1.3690, while she places supports at 1.3535, 1.3490 and 1.3460.
Following a couple of failed attempts over the last couple of days, EUR/USD finally pushed through 1.3600 and scored a high of 1.3606 in recent dealings. However, the pair failed to hold for long and pulled back slightly to currently trade around 1.3590, still up 0.1% on the day.
EUR/USD needs to regain 1.3610
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com pointed out that EUR/USD needs at least to regain the 1.3610 level to pave the way towards 1.3645, this month high.
As for technical levels, Bednarik locates next resistances at 1.3610, 1.3645 and 1.3690, while she places supports at 1.3535, 1.3490 and 1.3460.