Back
3 Jun 2015
EUR/USD soars through 1.1200
FXStreet (Córdoba) - EUR/USD picked up momentum and broke above the 1.1200/10 resistance area through fresh 2-week highs, underpinned by higher German yields.
Despite better-than-expected US trade data and dissuasive comments from German FinMin W.Schaeuble, who said Optimism on Greek negotiation progress not justified, EUR/USD took off and rose more than 150 pips after bouncing from the 100-day SMA at 1.1078.
EUR/USD is currently trading at 1.1210, 0.55% above its opening price, having hit a peak of 1.1236 in recent dealings. Next resistance area stands at 1.1325 (May 19 high) with not much in the way. On the downside, immediate supports could be found at 1.1078 (daily low/100-day SMA) and 1.0975 (50-day SMA).
Despite better-than-expected US trade data and dissuasive comments from German FinMin W.Schaeuble, who said Optimism on Greek negotiation progress not justified, EUR/USD took off and rose more than 150 pips after bouncing from the 100-day SMA at 1.1078.
EUR/USD is currently trading at 1.1210, 0.55% above its opening price, having hit a peak of 1.1236 in recent dealings. Next resistance area stands at 1.1325 (May 19 high) with not much in the way. On the downside, immediate supports could be found at 1.1078 (daily low/100-day SMA) and 1.0975 (50-day SMA).