EUR/USD Regains 1.1500, Hovers Near 8-Month Highs

EUR/USD Regains 1.1500, Hovers Near 8-Month Highs

2 May 2016, 18:21
Roberto Jacobs
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EUR/USD Regains 1.1500, Hovers Near 8-Month Highs

EUR/USD managed to regain the 1.1500 level and consolidates gains near recent highs as the greenback continues to underperform across the board.

EUR/USD climbed to a peak of 1.1534 earlier on the day, but with the subsequent pullback being contained by 1.1490 the pair managed to settle in a slim range near highs over the last hours. At time of writing, EUR/USD is trading at 1.1510, up 0.59% on the day.

EUR/USD technical levels


In terms of technical levels, immediate resistances are seen at 1.1534 (May 2 high), 1.1560 (Aug 26 2015 high) and 1.1620 (Aug 25 2015 high). On the other hand, supports could be found at 1.1447 (May 2 low), 1.1346/41 (Apr 29 low/20-day SMA) and 1.1297 (Apr 28 low).


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