Forex: EUR/USD maintains bullish bias – V.Bednarik
Forex pairs in this Article »
EUR/USD
FXstreet.com (San Francisco) - EURUSD is holding onto overnight gains as Asian trading gets underway; yesterday, leaked details of the ECB's bond intervention plan prompted the pair's advance, and, at the Tokyo fix, is steady around the 1.2600 mark.
As Valeria Bednarik, Chief Analyst at FXstreet.com explains: "The EURUSD maintains the bullish outlook, although the 1.2630 is turning into a rough level to break. Only a clear advance above the level will open doors for more advances, that may anyway remain limited for NFP on Friday."
At the time of writing, Japan 225 is down 3.32 points at 8676.50, while S&P/ASX 200 is down 43.13 points, or 1% at 4321.90. If the EURUSD upside extends, resistance levels lie at 1.2630, 1.2680 and 1.2710, with support levels at 1.2570, 1.2540 and 1.2500.
As Valeria Bednarik, Chief Analyst at FXstreet.com explains: "The EURUSD maintains the bullish outlook, although the 1.2630 is turning into a rough level to break. Only a clear advance above the level will open doors for more advances, that may anyway remain limited for NFP on Friday."
At the time of writing, Japan 225 is down 3.32 points at 8676.50, while S&P/ASX 200 is down 43.13 points, or 1% at 4321.90. If the EURUSD upside extends, resistance levels lie at 1.2630, 1.2680 and 1.2710, with support levels at 1.2570, 1.2540 and 1.2500.
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