Investing.com – The euro extended early gains against the U.S. dollar on Thursday, breaking above a key resistance at 1.3050 to hit a fresh 10-week high.
EUR/USD hit 1.3076 during European morning trade, the pair's highest since May 5; the pair subsequently consolidated at 1.3061, gaining 0.51%.
The pair was likely to find support at 1.2875, the low of July 26, and resistance at 1.3213 the high of May 14.
Earlier in the day, official data showed that German unemployment fell more than expected in July.
In a report, Germany's Federal Statistics Office said the number of unemployed was a seasonally adjusted 20K in July, unchanged from June, whose figure was revised down from 21K.
Analysts had expected the number of unemployed to fall to 17K in July.
The euro was also up against the pound, with EUR/GBP gaining 0.29% to hit 0.8354.
Later in the day, the U.S. was to release key data on initial jobless claims.
EUR/USD hit 1.3076 during European morning trade, the pair's highest since May 5; the pair subsequently consolidated at 1.3061, gaining 0.51%.
The pair was likely to find support at 1.2875, the low of July 26, and resistance at 1.3213 the high of May 14.
Earlier in the day, official data showed that German unemployment fell more than expected in July.
In a report, Germany's Federal Statistics Office said the number of unemployed was a seasonally adjusted 20K in July, unchanged from June, whose figure was revised down from 21K.
Analysts had expected the number of unemployed to fall to 17K in July.
The euro was also up against the pound, with EUR/GBP gaining 0.29% to hit 0.8354.
Later in the day, the U.S. was to release key data on initial jobless claims.