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17 Jun 2013
EUR/USD jumps above 1.3375 on Fed's talks
FXstreet.com (San Francisco) - The EUR/USD jumped around 50 pips in the last hours from 1.3325 to trade at the highest level since June 13 at 1.3380. Currently the pair is trading at 1.3375.
Ben Bernanke would say on Wednesday that the Federal Reserve is close to cut its $85-Bn-a-month asset-purchase program according to a Financial Time report.
EUR/USD pointing higher
With 0.20% gains in the day, the EUR/USD's short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
The next resistance lies at 1.3390 (high Jun.13) ahead of 1.3434 (high Feb.20) and then 1.3456 (high Feb.14). On the downside, a breakdown of 1.3295 (low Jun.14) would open the door to 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12).
Ben Bernanke would say on Wednesday that the Federal Reserve is close to cut its $85-Bn-a-month asset-purchase program according to a Financial Time report.
EUR/USD pointing higher
With 0.20% gains in the day, the EUR/USD's short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
The next resistance lies at 1.3390 (high Jun.13) ahead of 1.3434 (high Feb.20) and then 1.3456 (high Feb.14). On the downside, a breakdown of 1.3295 (low Jun.14) would open the door to 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12).