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EUR/USD jumps after EMU, US data

FXstreet.com (Córdoba) – The EUR/USD jumped to fresh daily highs after the latest string of data showed Eurozone consumer confidence rose to a 2-year high in August, while US new home sales dropped sharply in July.

Data lifts EUR/USD to 2-day high

EUR/USD broke above the 1.3370/75 area, which had been capping the upside over the last 2 days, and printed a high of 1.3387 so far. At time of writing, EUR/USD is trading at the 1.3380 zone, where it records a 0.2% gain on the day.

EUR/USD technical levels

If EUR/USD manages to clear the 1.3385 zone, next resistances could …read more