Forex: EUR/USD spikes 1.3350 as risk appetite jumps
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency has quickly left behind the 1.3300 key resistance on bullish comments by Roesler that Germany is opposed to a weak euro. In addition, stop orders triggering above 1.3300 would be also playing its part in this euro upside.
Next on the euro docket will be the Spanish and French bond auctions, although market participants expect the decline trend in yields to remain unchanged.
EURUSD is now up 0.38% at 1.3340 facing the next hurdle at 1.3370 (Upper Bollinger) ahead of 1.3382 (high Jan.14) and finally 1.3487 (2012 high Feb.24).
On the downside, a break below 1.3249 (low Jan.11) would accelerate losses towards 1.3221 (MA21d) and then 1.3204 (MA10d).
Next on the euro docket will be the Spanish and French bond auctions, although market participants expect the decline trend in yields to remain unchanged.
EURUSD is now up 0.38% at 1.3340 facing the next hurdle at 1.3370 (Upper Bollinger) ahead of 1.3382 (high Jan.14) and finally 1.3487 (2012 high Feb.24).
On the downside, a break below 1.3249 (low Jan.11) would accelerate losses towards 1.3221 (MA21d) and then 1.3204 (MA10d).
Free Annual Reports
