Back
14 Mar 2014
EUR/USD off highs, around 1.3920
FXStreet (Edinburgh) - The shared currency looks to consolidate above the 1.3900 handle at the end of the week, with the EUR/USD now around 1.3920 after hitting the vicinity of 1.3940.
EUR/USD bid above 1.3900
After dipping to the mid-138s overnight, spot managed to gather steam and not only regained the 1.3900 mark, but also climbed further to print fresh intraday highs in levels just shy of 1.3940. “Closing the week above 1.3900 should continue to encourage buyers, with 1.3960 and 1.4000 as next key levels to break. If the pair reaches next Friday above 1.4000, doors are open for a continued rally towards key 1.4250 price zone”, assessed Currency Analyst Valeria Bednarik at FXStreet.
EUR/USD key levels
The pair is now up 0.34% at 1.3916 with the next resistance at 1.3967 (2014 high Mar.13) followed by 1.4000 (psychological level) and then 1.4172 (high Oct.31 2011). On the flip side, a breakdown of 1.3846 (low Mar.13) would target 1.3843 (low Mar.12) en route to 1.3834 (low Mar.11).
EUR/USD bid above 1.3900
After dipping to the mid-138s overnight, spot managed to gather steam and not only regained the 1.3900 mark, but also climbed further to print fresh intraday highs in levels just shy of 1.3940. “Closing the week above 1.3900 should continue to encourage buyers, with 1.3960 and 1.4000 as next key levels to break. If the pair reaches next Friday above 1.4000, doors are open for a continued rally towards key 1.4250 price zone”, assessed Currency Analyst Valeria Bednarik at FXStreet.
EUR/USD key levels
The pair is now up 0.34% at 1.3916 with the next resistance at 1.3967 (2014 high Mar.13) followed by 1.4000 (psychological level) and then 1.4172 (high Oct.31 2011). On the flip side, a breakdown of 1.3846 (low Mar.13) would target 1.3843 (low Mar.12) en route to 1.3834 (low Mar.11).