14 Oct 2013
EUR/USD fails to break above 1.3600
FXstreet.com (Córdoba) - The EUR/USD failed once again to break above the 1.3600 psychological level and settled just below as the greenback takes a breather from broad pressure.
The EUR/USD rallied to a high of 1.3597 at the beginning of the American session without a clear catalyst as the US government shutdown enters its third week and only days away from the debt ceiling deadline. At time of writing, EUR/USD is trading at the 1.3575/80 zone, still up 0.2% on the day.
EUR/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXsrteet.com notes that EUR/USD presents a strong upward momentum in short-term charts, with 1.3610/20 area as immediate resistance to break to confirm a stronger advance in the pair.
On the upside, Bednarik locates next resistances levels at 1.3610, 1.3645 and 1.3690, while she places supports at 1.3570, 1.3530 and 1.3490.
The EUR/USD rallied to a high of 1.3597 at the beginning of the American session without a clear catalyst as the US government shutdown enters its third week and only days away from the debt ceiling deadline. At time of writing, EUR/USD is trading at the 1.3575/80 zone, still up 0.2% on the day.
EUR/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXsrteet.com notes that EUR/USD presents a strong upward momentum in short-term charts, with 1.3610/20 area as immediate resistance to break to confirm a stronger advance in the pair.
On the upside, Bednarik locates next resistances levels at 1.3610, 1.3645 and 1.3690, while she places supports at 1.3570, 1.3530 and 1.3490.