The euro continued to move higher with EUR/USD testing the 1.3400 figure where it found resistance for now. The 100-week simple moving average and prior highs are around the 1.34 figure to make it a key technical pivot and above that, the 1.35 figure is the next major level which is around the 50% retracement of the decline from 2011 highs to 2012 lows and the 200-week simple moving average. The JPY continues to trade softer as Japan is on holiday and the Swiss franc is under pressure as EUR/CHF accelerates after breaking the top end of its range.
No comments:
Post a Comment