RTRS: Euro extends gains vs dlr, key resistance breached
The euro accelerated gains against the U.S. dollar on Friday, taking out a key resistance level that could result in further gains for the euro zone single currency.
The euro rose as high as $1.45862 on trading platform EBS EUR=EBS and was last at $1.45763, up 0.6 percent on the day. It rose above $1.45690, the 61.8 percent Fibonacci retracement of last month's decline from $1.49404 to $1.39680.
Traders said the breach of $1.45690 was a bullish signal and suggests the euro could rack up further gains to $1.49. (Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)
