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EUR/USD rises to fresh 5-week high
27 Ocak 2012 Cuma 22:22

EUR/USD rises to fresh 5-week high

The Euro picked up momentum and stretched to a fresh 5-week high versus the Greenback amid comments from a Greek official expressing hopes for a debt deal over the weekend.

EUR/USD rose to its highest level since Dec 21 at 1.3191 and continues to threaten the top of this week's range. At time of writing, the pair is trading around 1.3180/90, where it records a 0.6% gain on the day, having recovered from a low of 1.3092 hit after the US GDP.

If the Euro manages to break decisively above the 1.3190/1.3200 area, next resistance could be found at 1.3240, while on the contrary supports might be faced at 1.3130, 1.3090 and 1.3070.

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