Euro breaks above resistance, hits 14-month high
NEW YORK Jan 29 (Reuters) - The euro extended gains versus the dollar on Tuesday, breaking above key resistance to hit a 14-month high.
The euro rose as high as $1.3490 according to Reuters data, the highest since Dec. 2, 2011. It was last at $1.3481, up 0.2 percent on the day.
It rose above major resistance at $1.3486, its 2012 high. Next key targets include $1.3492, the 50 percent retracement from the high in May 2011 to the low in July 2012 and the psychologically important $1.35 level, traders said.
- Tweet this
- Share this
- Digg this
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Wal-Mart and allies in face-off with Apple Pay over mobile payments
- PM Modi boots officials out of the first class cabin
- Bharti Airtel Q2 net profit doubles as India market turns corner
- India's universal healthcare rollout to cost $26 billion
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article