Forex: EUR/USD bounces to opening level for a retest
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The market is now threatening a "red" day for the EURUSD after the plunge from the European session high of 1.3390 (on ECB's Praet comments) down to a newly printed daily low at 1.3336 as US currency flows started to take over. Investors are giving another try at the 1.3360 opening area as the NY equity market bell rings.
It's been reported that US President Barack Obama will be speaking shortly. Ahead in the US session , FOMC members Dudley, Lockhart and Bernanke will be speaking. Former Fed Vice Chairman defended that the central bank will resume its $85 billion-per-month assets purchases, "at least through midyear and possibly longer".
TD Securities analysts are bullish on the EURUSD: "1.33 should now be a key pivot point, and we expect dips should be rather shallow now on the trek toward 1.35/36 in the coming weeks".
It's been reported that US President Barack Obama will be speaking shortly. Ahead in the US session , FOMC members Dudley, Lockhart and Bernanke will be speaking. Former Fed Vice Chairman defended that the central bank will resume its $85 billion-per-month assets purchases, "at least through midyear and possibly longer".
TD Securities analysts are bullish on the EURUSD: "1.33 should now be a key pivot point, and we expect dips should be rather shallow now on the trek toward 1.35/36 in the coming weeks".
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