FXstreet.com (Córdoba) - Gold continues to rise and prints a new historical high above $1040 a/oz. The Euro is extending it gains against the Dollar. EUR/USD broke above previous high and peaked at 1.4756 posting a fresh intra-day high. On the upside the next resistance is located at 1.4780 and above at 1.4805.
According to Valeria Bednarik, collaborator at FXstreet.com: The pair reached extreme conditions in the hourly and seems ready for a downside correction before another attempt to break higher. Still with risk appetite setting a bullish bias for the pair, 4 hours charts also look a bit exhausted; downside corrections could start only under 1.4680 area, 20 SMA in the hourly.
Currently the pair trades at 1.4746/50, 0.66% above today's opening price. The Euro is rising for the third consecutive day.