The euro against the dollar at its highest since 2 months at 1.4327.

[RTFX-Trading]

The euro against the dollar at its highest since 2 months at 1.4327.

The euro against the dollar reached a high for two months to 1.4327 following the resumption of industrial activity in Europe in July, helped by a surprising increase in industrial activity in July above 50 in England. The euro also benefited from higher "carry trades", EURJPY increase of 0.72% on the day at 135.83.

However, the area of the first daily resistance at 1.4333 should play its role of resistance. If this resistance zone does not break, the EURUSD could return to the 1.4200-1.4170 levels.




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