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EURUSD traded flat; busy gapping aggressively higher

by on January 15, 2013 6:22 am BST
 

The euro last traded at $1.3375, flat on the day after having risen as far as $1.3404 on Monday, its highest level in 11 months. Immediate resistance was seen around $1.3490, a level that had capped the currency last year.

“It had lagged the rise in EURUSD and is now busy gapping aggressively higher and taking out layer after layer of strikes. It is happening very quickly,” said Sebastien Galy, strategist at Societe Generale.

Pivot Woodie Fibonacci
Resistance 3 1.3477 1.3479 1.344
Resistance 2 1.344 1.3441 1.3414
Resistance 1 1.3408 1.341 1.3398
Pivot 1.3372 1.3373 1.3372
Support 1 1.334 1.3342 1.3346
Support 2 1.3304 1.3305 1.333
Support 3 1.3272 1.3274 1.3304