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Forex pairs in this Article » EUR/USD (Barcelona) - The risk appetite is prolonging its momentum sparked yesterday after J.Boehner commets, pushing the euro to fresh highs against the buck in the boundaries of 1.2980 as of writing.
The single currency has found extra support after the yields in the Spanish 10yr benchmark have retraced ground to 5.251%, levels not seen since March 21, and the 5yr CDS is following suit, trading around 280 bps.

The cross is now up 0.19% at 1.2978 facing the next hurdle at the psychological level at 1.3000 followed by 1.3010 (high Nov.27) and then 1.3021 (high Oct.31).
On the flip side a break below 1.2939 (low Nov.29) would aim to the psychological level at 1.2900 and then 1.2888 (MA10d).
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