Forex: EUR/USD escalates above 1.3250
Forex pairs in this Article »
EUR/USD
FXstreet.com (San Francisco) - The Euro is advancing further against the US Dollar with the pair breaking above the 1.3250 level to reach 1-week high at 1.3260. The pair has risen around 200 pips, or 1.45% to the current 1.3255.
The single currency continues its march north on Thursday, boosted by President Draghi's comments. Draghi hinted that the conditions in the euro bloc are not as bad as it seems, foreseeing at the same time better prospects for the bloc throughout the year.
The Pair will face the next resistance at 1.3288 (Upper Bollinger) followed by 1.3300 (high Jan.2) and then 1.3308 (high Dec.19).
On the downside, a break below 1.3138 (MA10d) would bring 1.3121 (MA30d) and then 1.3040 (Lower Bollinger).
The single currency continues its march north on Thursday, boosted by President Draghi's comments. Draghi hinted that the conditions in the euro bloc are not as bad as it seems, foreseeing at the same time better prospects for the bloc throughout the year.
The Pair will face the next resistance at 1.3288 (Upper Bollinger) followed by 1.3300 (high Jan.2) and then 1.3308 (high Dec.19).
On the downside, a break below 1.3138 (MA10d) would bring 1.3121 (MA30d) and then 1.3040 (Lower Bollinger).
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