EUR/USD jumps to 2-month high at 1.3360 (Barcelona) – The EUR/USD gained momentum to the upside on the opening bell in New York, adding nearly 80 pips within the first 30 minutes to reach a fresh 2-month max in 1.3660. The pair’s rally seems to have been capped at that peak however, and has since settled around 1.3640 where it takes a breath and awaits fresh impulse.

Still in range to the recent high, immediate resistance is listed at 1.3663 (Upper 21-Day Bolli Band), 1.3739 (61.8% of 1.4283-1.2860), 1.3786 (Daily High Nov 22). Support on the other hand is placed at 1.3449 (Daily Low Jan 21), 1.3396 (Daily Low Jan 20), 1.3370 (10-Day MA Line).


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The Art&Science of Trading Gold
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