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EUR/USD jumped to 2 week highs - FXStreet

FXStreet (Guatemala) - Valaria Bednarik, chief analyst at FXStreet explained that the EUR/USD surged to a fresh 2 week high above 1.2740.

Key Quotes:

“Immediate pullbacks held well above the 1.2700 level, and with the 1 hour chart showing price accelerating above its moving averages and indicators above their midlines, still not reflecting the latest upward momentum”.
“In the 4 hours chart indicators hold near overbought territory with RSI heading higher and approaching 70, supporting some further gains ahead”.

“The immediate resistance, on a break above mentioned daily high, stands at 1.2776, 23.6% retracement of the 1.37/1.25 slide”.

“Support levels: 1.2700, 1.2660 and 1.2620.”

“Resistance levels: 1.2775, 1.2820 and 1.2860.”

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