EUR/USD prints fresh highs

The pair gained more than 100 pips from European session lows (1.3025) and hit a fresh high today at 1.3143. At the time of writing the EUR/USD is quoting at 1.3140, gaining 0.43% in the day.

The euro rallies against the U.S. dollar on rumors on Greece and private creditors are near a tentative accord. Greek Finance Minister said yesterday that Greece is one step from closing a debt-swap deal with its private bondholders. According to Bloomberg, as an inducement for creditors, the debt would probably be governed under U.K. rather than Greek law, providing more bondholder protection.

ACFX Analysts Team points that, to the upside, immediate resistance level could be located at 1.3184 and 1.3285 while to the downside support levels might lie at 1.3012, 1.2941 and 1.2840.


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