Forex: EUR/USD in session highs around 1.3210
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EUR/USD
FXstreet.com (Barcelona) - The single currency continues its march north on Thursday, boosted by President Draghi's comments in the post-ECB press conference.
Recall that the central bank left the repo rate intact at 0.75%, however 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, along with the inflation navigating in sub 2% levels.
At the moment, the pair is up 1.11% at 1.3210 facing 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).
Recall that the central bank left the repo rate intact at 0.75%, however 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, along with the inflation navigating in sub 2% levels.
At the moment, the pair is up 1.11% at 1.3210 facing 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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