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Forex: EUR/USD gains the 1.2800 at the closing bell

By FXstreet.com,  September 07, 2012, 04:16:00 PM EDT

FXstreet.com (San Francisco) - After testing the 1.2800 level several times in the latest few hours against the Dollar, the Euro has finally broken up this resistance just at the closing bell. The EUR/USD is trading at 1.2810, highest levels since May 22.

"EUR/USD heads into the close quite close to session highs, now just above 1.2800," comments Jamie Coleman from ForexLIve.com. "There is some wood to chop on up to the 1.2840 area, so a break higher early next week would be very impressive indeed. My guess is that we get some backing and filling between 1.2700 and 1.2825/40 early next week until the major event risks out of Europe are out of the way Tuesday."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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