Forex: EUR/USD boosted by Draghi's latest comments
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EUR/USD
FXstreet.com (Córdoba) - The euro extended gains during the American afternoon and printed a fresh 3-week high against the dollar after Draghi was reportedly saying he supports the idea of giving the ESM banking license.
According to Bloomberg, ECB President is set to hold talks with Buba's Weidmann before council meeting on August 2 about a proposal that includes bond buying, rate cut and new LTRO.
EURUSD jumped toward its highest level since Jul 6 at 1.2388 before easing slightly. At time of writing, the pair is quoting at the 1.2370 zone, 0.7% above its opening price.
As for technical levels, next resistances are seen at 1.2390, 1.2410 and 1.2440, while on the downside supports are seen at 1.2340, 1.2300 and 1.2280.
According to Bloomberg, ECB President is set to hold talks with Buba's Weidmann before council meeting on August 2 about a proposal that includes bond buying, rate cut and new LTRO.
EURUSD jumped toward its highest level since Jul 6 at 1.2388 before easing slightly. At time of writing, the pair is quoting at the 1.2370 zone, 0.7% above its opening price.
As for technical levels, next resistances are seen at 1.2390, 1.2410 and 1.2440, while on the downside supports are seen at 1.2340, 1.2300 and 1.2280.
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