20 Nov 2013
EUR/USD rallies to 1.3580
FXstreet.com (Chicago) - EUR/USD reacted positively to Bernanke’s comments reaching 1.3580 session highs and breaking immediate resistance, now support, at 1.3540.
Key headlines include: "US economy still far from where we would like it to be, may be some time before Fed policy turns normal." Technically speaking, the pair is offered at 1.3560 and oscillates between the supports aligned at 1.35422 (November 18th highs), 1.3496 (November 13th highs) followed by 1.3458 (November 12th highs) and the resistances set at 1.3579 (October 12th highs), 1.3611 (October 9th highs) ahead of 1.3645 (October 20th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and trades above the EMA20.
Key headlines include: "US economy still far from where we would like it to be, may be some time before Fed policy turns normal." Technically speaking, the pair is offered at 1.3560 and oscillates between the supports aligned at 1.35422 (November 18th highs), 1.3496 (November 13th highs) followed by 1.3458 (November 12th highs) and the resistances set at 1.3579 (October 12th highs), 1.3611 (October 9th highs) ahead of 1.3645 (October 20th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and trades above the EMA20.