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11 Jun 2013
EUR/USD hits fresh highs above 1.3300
FXstreet.com (Córdoba) - The EUR/USD picked up momentum and pierced the 1.3300 level during the American session, reaching fresh 3 ½-month highs.
After a quick dip to the 1.3230 zone, the euro bounced sharply and reversed losses versus the greenback, although the catalyst is not that clear. EUR/USD peaked at 1.3312 before easing slightly and it is currently trading at the 1.3295 zone, still up 0.3% on the day.
On the upside, if EUR/USD breaks above daily highs, next resistance are seen at 1.3320 (Feb 25 high) and 1.3340 (61.8% retracement of the broader 1.3710/1.2746 fall). On the downside, supports could be found at 1.3230 (daily low) and 1.3200 (psychological level).
After a quick dip to the 1.3230 zone, the euro bounced sharply and reversed losses versus the greenback, although the catalyst is not that clear. EUR/USD peaked at 1.3312 before easing slightly and it is currently trading at the 1.3295 zone, still up 0.3% on the day.
On the upside, if EUR/USD breaks above daily highs, next resistance are seen at 1.3320 (Feb 25 high) and 1.3340 (61.8% retracement of the broader 1.3710/1.2746 fall). On the downside, supports could be found at 1.3230 (daily low) and 1.3200 (psychological level).