11 Jul 2013
EUR/USD testing 1.3000 level after Fed comments
FXstreet.com (New York) - The EUR/USD foreign exchange rate exploded higher Thursday morning, having moved on the recent comments from Ben Bernanke during Asian trading.
EUR/USD strategic bias
The EUR/USD is peaking at 1.2999 recently, refusing to slow its advance in the aftermath of the Fed comments. According to Valeria Bednarik, an analyst at FXsteet.com, the EUR/USD will face resistive means at 1.2990, after previously breaking through calculate resistance at 1.2920 and 1.2950 respectively.
The first impression one has after hearing the Federal Reserve Chief Ben Bernake Q&A session, is that his tone turned surprisingly dovish, as he reassured the market that highly accomodative monetary policy is still needed for the foreseeable future.
EUR/USD strategic bias
The EUR/USD is peaking at 1.2999 recently, refusing to slow its advance in the aftermath of the Fed comments. According to Valeria Bednarik, an analyst at FXsteet.com, the EUR/USD will face resistive means at 1.2990, after previously breaking through calculate resistance at 1.2920 and 1.2950 respectively.
The first impression one has after hearing the Federal Reserve Chief Ben Bernake Q&A session, is that his tone turned surprisingly dovish, as he reassured the market that highly accomodative monetary policy is still needed for the foreseeable future.