EUR/USD breaks above 1.3050

FXstreet.com (Córdoba) – The Euro extended gains versus the Dollar above 1.3000 and rose to 1.3070, reaching the highest price in six days. EUR/USD remains trading near session highs and is approaching 1.3100.
“On technical spectrum we hold our support at 1.2875 which is the lowest level reached this year. Current resistance is hovering at 20-day Simple Moving Average located at 1.3150”, said Andrei Tratseuski from Forex Club.
The pair is trimming last week losses and moving away from levels under 1.3000. An improvement in market sentiment in Europe is favoring the upside in the EUR/USD.

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