FXstreet.com (Córdoba) - The Dollar is losing ground across the board on Monday as stocks and commodities continue to rally. EUR/USD jumped to 1.5016 posting a fresh intra-day high. Currently the pair is hovering around 1.5000 and trades 0.55% above today's opening price. On the upside the next resistance lies at 1.5020 (Nov 12 high) and above at 1.5045/60.
Liviu Flesar, technical analyst at InnerFX affirms: Uptrend remains intact as the euro managed to stabilize above 1.4850 (…) As long as the rising trend channel remains intact, expectations are pointing towards 1.5200/15 as next objective - also the 100% fibonacci extension of the 1.4480-1.5060-1.4625 (ABC) triangulation.