EUR/USD Holds Near Weekly High Around 1.1450 as Bulls Eye 23.6% Fibo
EUR/USD extended its gains for a third day, reaching a fresh weekly high near 1.1460 in Asian trading. The pair is now hovering around 1.1450, testing the 23.6% Fibonacci retracement level.
EURUSD
The EUR/USD pair continued its upward momentum for a third consecutive session, reaching a fresh weekly high near the 1.1460 level during Asian trading. At the time of writing, the pair is consolidating near the weekly top around 1.1450.
Technical buyers are now testing the 23.6% Fibonacci retracement level, which could act as a resistance hurdle. A sustained move above this level could open the door for further gains towards the next Fibonacci levels.
Source: FXStreet Forex News