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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - After long US and Asian sessions, as the EURUSD refused to touch the 1.3500, there it is: 1.3500! In a matter of seconds, the market made a 17-pip rally to print its current high at 1.3507. More is expected to come soon. Risk-on sentiment is taking out the greenback in favor of equities, commodity currencies and the EUR. Fixed income markets are seeing a change of the most recent paradigm too.

A lot of orders are clustered just above the 1.3500, not allowing the pair to sweep the area easily. Ahead in the economic calendar are Spain GDP, Swiss KOF, and the Italian 10-year.

"EURUSD closed above 1.3472 resistance on the session, indicative of further bullish momentum in the near term", wrote Fxstreet.com independent analyst Richard Lee, expecting a move to 1.3600. "Any correction will be held at bay by the 1.3407 figure", the added.
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