Forex: EUR/USD prints fresh 10-month high at 1.3404

FXstreet.com (Barcelona) - It was 02:20 GMT when Chicago FED Evans started a conference board in Hong-Kong, with Tokyo markets closed over holidays, and EURUSD broke above previous session and past Friday's highs around the 1.3366. It pulled back a bit after it, and shot to fresh 10-month highs at 1.3404, last at 1.3391, taking some breath.

With FED Chairman Bernanke due to speak at the University of Michigan right at the NY close time at 21:00 GMT later in the day, focusing all market's attention, Fed Evans words pushed USD to the downside across the board, except against Yen, that printed a new 30-month high in early trade at 89.67 USDJPY.

Immediate resistance to the upside for EURUSD comes at recent session/10-month highs 1.3404, followed by Feb 24-29 2011 highs at 1.3486, and Nov 30 2011 lows at 1.3533. To the downside, closest support lies at Friday's highs 1.3365, followed by Thursday's highs at 1.3279, and Friday's lows at 1.3247.