16 Jun 2014
EUR/USD hits fresh highs above 1.3570
FXStreet (Córdoba) - The Euro continues to rise against the US dollar and is approaching Friday’s highs. The EUR/USD recently printed a fresh daily high at 1.3576 and continues to trade above 1.3570, holding upside momentum.
Price action is doing the opposite to what it did on Friday, when after reaching 1.3577 plummeted to 1.3519, today the EUR/USD fell to 1.3511 and then bounced to the upside, climbing back above 1.3570.
EUR/USD up despite data, Iraq
There is solid demand for the EUR/USD today, according to Jamie Coleman from FXBeat, that affirms: “Feels as though shorts are getting a bit frustrated at the lack of downside momentum. US data has been decent this morning but the buck has not benefited, a sign that positioning may be a bit stretched near-term”.
Price action is doing the opposite to what it did on Friday, when after reaching 1.3577 plummeted to 1.3519, today the EUR/USD fell to 1.3511 and then bounced to the upside, climbing back above 1.3570.
EUR/USD up despite data, Iraq
There is solid demand for the EUR/USD today, according to Jamie Coleman from FXBeat, that affirms: “Feels as though shorts are getting a bit frustrated at the lack of downside momentum. US data has been decent this morning but the buck has not benefited, a sign that positioning may be a bit stretched near-term”.