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USD is Aiming for More Gains; EURUSD Weaken

by on August 1, 2014 9:35 am GMT
 

USD strengthened 2.4 percent in the past month, the best performer of 10 developed-nation currencies. While the euro weakened 0.1 percent.

EURUSD headed for a third weekly low after signs of a sustained U.S. recovery boost speculation the Federal Reserve is moving toward raising interest rates.

EURUSD was little changed at $1.3383 at 8:30 AM GMT+1, up 0.4 percent over five trading days and set for its first three-week gain since the period ended May 23.

USDJPY rose 0.2 percent to 102.96, extending this week’s gain to 1.1 percent.

EURUSD Pivot Levels Pivot Woodie Fibonacci
Resistance 3 1.3431 1.3433 1.3416
Resistance 2 1.3416 1.3417 1.3405
Resistance 1 1.3402 1.3404 1.3398
Pivot 1.3387 1.3388 1.3387
Support 1 1.3373 1.3375 1.3376
Support 2 1.3358 1.3359 1.3369
Support 3 1.3344 1.3346 1.3358