FXStreet (Córdoba) – The euro strengthened in the market during the last hours, around the London close and pushed EUR/USD back above 1.1300. The pair broke above previous highs and reached at 1.1344, the highest level since August 27.
The common currency reached fresh highs across the board and is the top performer so far on Friday among majors.
EUR/USD: Will it consolidate above 1.1300?
Price is back again on top of 1.1300, the area that limited the upside last week and yesterday. A consolidation above could open the doors for more gains ahead of Wednesday, when the Federal Reserve will announce its decision on rates.
It remains near the highs, holding a bullish tone. Currently trades at 1.1330/35, up 0.50% for day. During the last hour rose 65 pips making the biggest hourly move of the last 24 hours.
The euro strengthened in the market during the last hours, around the London close and pushed EUR/USD back above 1.1300. The pair broke above previous highs and reached at 1.1344, the highest level since August 27.
(Market News Provided by FXstreet)