14 Mar 2014
EUR/USD approaches 1.3900
FXStreet (Córdoba) - The EUR/USD gathered momentum and rose to fresh daily highs during the European trade, trimming most of yesterday's losses.
The EUR/USD found support at the 1.3845 area after pulling back from a fresh 28-month high of 1.3967 Thursday, weighed by a spike of risk aversion amid renewed concerns about Ukraine and China. Following a phase of consolidation, the pair managed to regain the upside and climbed to a high of 1.3891.
The recently released Eurozone employment change data did not trigger any reactions of the market. At time of writing, the EUR/USD is trading at the 1.3880 zone, recording a 0.2% gain on the day.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could face immediate resistances at 1.3900 (psychological level), 1.3914 (Mar 7 high) and 1.3967 (Mar 13 high) ahead of 1.4000 (psychological level). On the flip side, supports are seen at 1.3845 (Mar 14 low), 1.3833 (10-day SMA) and 1.3800 (psychological level).
The EUR/USD found support at the 1.3845 area after pulling back from a fresh 28-month high of 1.3967 Thursday, weighed by a spike of risk aversion amid renewed concerns about Ukraine and China. Following a phase of consolidation, the pair managed to regain the upside and climbed to a high of 1.3891.
The recently released Eurozone employment change data did not trigger any reactions of the market. At time of writing, the EUR/USD is trading at the 1.3880 zone, recording a 0.2% gain on the day.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could face immediate resistances at 1.3900 (psychological level), 1.3914 (Mar 7 high) and 1.3967 (Mar 13 high) ahead of 1.4000 (psychological level). On the flip side, supports are seen at 1.3845 (Mar 14 low), 1.3833 (10-day SMA) and 1.3800 (psychological level).