FXstreet.com (Córdoba) - The euro has continued to push higher against the greenback as a combination of factors offered the shared currency a boost. Lower Spanish yields and Fitch comments of US credit rating combined with mixed US data took EUR/USD to 1.2576 during the American session, its highest since last Thursday.
EUR/USD is currently quoting at the 1.2560/65 zone, printing a 0.5% gain on the day, and eyeing its 6-week high scored last week at 1.2588 and the 1.2600 psychological barrier.
From a technical perspective, "Improved hourly conditions revive hopes of fresh attack at significant 1.2600 barrier, with break above near-term 1.2433/1.2560 congestion, required to confirm", says Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Previous barrier at 1.2534, now offers support and keeps the downside protected, as 20/55 day EMA's bullish crossover at 1.2510 zone, underpins".
EUR/USD is currently quoting at the 1.2560/65 zone, printing a 0.5% gain on the day, and eyeing its 6-week high scored last week at 1.2588 and the 1.2600 psychological barrier.
From a technical perspective, "Improved hourly conditions revive hopes of fresh attack at significant 1.2600 barrier, with break above near-term 1.2433/1.2560 congestion, required to confirm", says Slobodan Drvenica, analyst at Windsor Brokers Ltd. "Previous barrier at 1.2534, now offers support and keeps the downside protected, as 20/55 day EMA's bullish crossover at 1.2510 zone, underpins".
