FXstreet.com (Córdoba) - The Euro is extending its recovery
against Greenback and is approaching to the 1.3500 area, where it
closed on Friday. EUR/USD moved considerably away from daily lows
and turned positive on a daily basis as it currently trades at
1.3482/85, 0.07% above today's opening price.
EUR/USD was rejected earlier from levels below 1.3430 and recently
rose to 1.3487, reaching the highest price since the Asian session
started.
The EUR/USD has fresh uptrend lines serving as technical cushions
according to the FastBrokers Research Team, along with intraday and
3/31 lows. "As for the topside, the psychological 1.35 now becomes
a technical barrier along with an accumulation of downtrend lines
and 4/9 highs".