The shared currency extends its upward trajectory into a fifth day versus the US dollar in mid-Asia, pushing EUR/USD to fresh session highs above 1.10 handle. The major is seen picking up pace on the back of broad based US dollar weakness as weak US home sales data continue to weigh on the greenback.
EUR/USD rises from 1.0971
The EUR/USD pair trades 0.18% higher at fresh session highs of 1.1005, finally reclaiming 1.10 handle. The bid tone around the EUR/USD pair keeps growing bigger in the mid-Asian session as the European currency continues to benefit from the recent Greek optimism and broad USD weakness.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.1019 (July 23 High) levels, above which gains could be extended to 1.1036 (July 15 High) levels. On the flip side, support is seen at 1.0971 (Today’s Low) below which it could extend losses to 1.0924 (July 24 Low) levels.