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2 Apr 2015
EUR/USD shrugs off data, reaches fresh daily highs
FXStreet (Córdoba) - EUR/USD quickly shrugged off better-than-expected US data and following a short-lived pullback, it jumped to fresh daily highs in the 1.0870 area.
EUR/USD dipped to the 1.0800 zone on the back of US jobless claims and trade balance figures, but bounced and accelerated to a 3-day high of 1.0868 before finding resistance at the 200-hour SMA. At time of writing, the pair is trading at 1.0857, recording a 0.88% gain on the day. The euro is among the best performers on Thursday for no particular reason and with thin volume exacerbating moves.
As for technical levels, next resistances are seen at 1.0894/1.0900 (Mar 30 high/psychological level) and 1.0947 (Mar 27 high). Immediate supports could be found at 1.0800 (intraday/psychological level) and 1.0750 (daily low).
EUR/USD dipped to the 1.0800 zone on the back of US jobless claims and trade balance figures, but bounced and accelerated to a 3-day high of 1.0868 before finding resistance at the 200-hour SMA. At time of writing, the pair is trading at 1.0857, recording a 0.88% gain on the day. The euro is among the best performers on Thursday for no particular reason and with thin volume exacerbating moves.
As for technical levels, next resistances are seen at 1.0894/1.0900 (Mar 30 high/psychological level) and 1.0947 (Mar 27 high). Immediate supports could be found at 1.0800 (intraday/psychological level) and 1.0750 (daily low).