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21 Oct 2013
EUR/USD carries on bulls rally; glued to 1.3680 grounds
FXstreet.com (Chicago) - EUR/USD trades conservatively ahead of the start of a new week with lots of delayed US data due. The rally sustains performance before Tokyo aiming to break through 1.37 peaks (January 28th highs).
Corrupted data, domination carried on
The bulls continue dominating against the bear affected by major dollar sell-off ahead of supposedly corrupted US government data post shutdown and date extensions for debt ceiling issue next year.
EUR/USD Technical Levels
Technically speaking, the pair extends the upward trendline from August 12th 2012 with speedy lines accelerating rallies to reach last January 28th peaks. Glued to support, the pair is offered at 1.3684 to oscillate between supports aligned at 1.3680 (October 16th highs), 1.3631 (October 3rd highs) ahead of 1.3564 (September 27th highs) and the resistances aligned at 1.3716 (January 18th highs), 1.3754 (January 30th 2011 highs) followed by 1.3791 (September 15th 2011 highs).
Corrupted data, domination carried on
The bulls continue dominating against the bear affected by major dollar sell-off ahead of supposedly corrupted US government data post shutdown and date extensions for debt ceiling issue next year.
EUR/USD Technical Levels
Technically speaking, the pair extends the upward trendline from August 12th 2012 with speedy lines accelerating rallies to reach last January 28th peaks. Glued to support, the pair is offered at 1.3684 to oscillate between supports aligned at 1.3680 (October 16th highs), 1.3631 (October 3rd highs) ahead of 1.3564 (September 27th highs) and the resistances aligned at 1.3716 (January 18th highs), 1.3754 (January 30th 2011 highs) followed by 1.3791 (September 15th 2011 highs).