Forex: EUR/USD rises further to 1.4840, after ISM

Wed, Nov 4 2009, 15:29 GMT
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FXstreet.com (Córdoba) – The Euro is extending its gains against the Dollar. EUR/USD jumped above 1.4800 to 1.4842, posting a fresh intra-day high. On the upside the next resistance lies at 1.4860 (Oct 28 and 29 high). Currently the pair trades at 1.4834/35, 0.75% above today’s opening price. The pair is accumulating an increase of more than 130 pips from the lows of the day at 1.4705 to current levels.

Greenback is also weaker against the Swiss Franc. USD/CHF broke below 1.0200 and fell to 1.0178, posting a fresh intra-day low. The pair trades at 1.0184/90, 0.72% below today’s opening price.

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