FXstreet.com (Córdoba) - EUR/USD is moving sideways inside a range with support at 1.4870 and resistance at year highs at 1.4920. The pair peaked earlier at 1.4920 posting the highest price since august 14th of 2008. Currently the pair trades around 1.4900, 0.33% above today's opening price action and is rising for the third consecutive day in a row accumulating an increase of almost 200 pips.
The ecPulse.com analysis team comments: The euro-dollar traded with an upside bias seen over daily and 4-hour charts. The pair is continuing its upside trend heading to an overbought area, after the euro has risen to 14-month high against the dollar. The euro area released industrial production for August today, showing an incline for the fourth consecutive month.