Forex: EUR/USD Posts Fresh High Above 1.3680

Feb 9, 2011

The common currency continued to gain ground against the US dollar on today’s session, recovering from last week’s losses. The Euro managed to find support at 1.3610 and gained more than 60 pips during the last few hours of trading, reaching a new intra day high at 1.3688. The Euro also posted a fresh 2-month high against the Swiss Franc at 1.3102.

At this time of writing, EUR/USD is holding near the session high as the Greenback continues to lose momentum across the board. According to analysts, the support level for the pair is hovering at the psychological level of 1.3500. On the upside, the immediate resistance level is located at 1.3750

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