FXstreet.com (Barcelona) - The single currency is up more than a big figure on Tuesday, printing fresh highs in the 1.2460 region, levels last seen in early July, as renewed hopes on ECB plans to tackle the euro crisis are growing bigger among investors, ahead of the next central bank meeting in September.
The EUR has been appreciating against the buck since yesterday’s NA open, always on rumours involving the ECB, either regarding sovereign’s yield cap (later discarded) or that the central bank might act despite the opposite stance of the Bundesbank.
At the moment, EUR/USD is up 0.87% at 1.2457 with the next resistance at 1.2500 (psychological level) and then 1.2516 (38.2% of 1.3284-1.2042).
On the flip side, a dip below 1.2342 (low Aug.21) would expose 1.2295 (low Aug.20).
The EUR has been appreciating against the buck since yesterday’s NA open, always on rumours involving the ECB, either regarding sovereign’s yield cap (later discarded) or that the central bank might act despite the opposite stance of the Bundesbank.
At the moment, EUR/USD is up 0.87% at 1.2457 with the next resistance at 1.2500 (psychological level) and then 1.2516 (38.2% of 1.3284-1.2042).
On the flip side, a dip below 1.2342 (low Aug.21) would expose 1.2295 (low Aug.20).
