EUR/USD hits two-week high above 1.1650, stalls below key resistance

EUR/USD Jumps from Recent Dollar Weakness and ECB President Talks

The EUR/USD has gained 1.5% since its November 4th bottom, a move that coincided with dovish US private labor data from the Challenger report. With the U.S. government shutdown beginning to weigh on economic activity, attention has turned toward the Eurozone, which continues to send relatively solid signals: Inflation remains stable in key economies like […] The post EUR/USD Jumps from Recent Dollar Weakness and ECB President Talks appeared firs…

EUR/USD hits two-week high above 1.1650, stalls below key resistance

EUR/USD advances past the 1.1600 figure on Thursday, hitting a two-week high of 1.1656, yet is unable to decisively crack the 50-day Simple Moving Average (SMA) key resistance at 1.1661.