Forex Easy

Euro Closes Above 1.36

The euro climbed to a new 2-year high against the dollar at 1.3627, as traders continue to push the pair to a new all-time high. The pair also posted its first close above the 1.36-handle, boding well for the pair to continue toward a record high above the 1.3664-level.

EURUSD will encounter interim resistance at 1.3630, followed by key resistance at the pair’s all-time high at 1.3664, likely to garner speculative selling and 1.37. Support begins at 1.36, followed by 1.3560 and 1.3530. Additional support is eyed at 1.35, backed by 1.3470 and 1.3420.