Quantcast

EUR/USD extends through 1.3500

FXstreet.com (Edinburgh) – The bloc currency recovers the ground beyond 1.3500 the figure on Monday, pushing the EUR/USD back to the 1.3515/20 region.

EUR/USD supported at 1.3490

The risk aversion prevailed throughout the session, dragging the pair from overnight peaks near 1.3560 to as low as 1.3490, where buying interest turned up and managed to lift the pair back beyond 1.3500. “On the charts, 1.3560/70 has become a more solid short term resistance zone for EUR/USD (last week’s high’s, 50-DMA, 50% retrace of Oct/Nov decline), while 1.3500 is the nearest intraday toehold on the downside before the mid 1.34 area comes …read more