FXstreet.com (Barcelona) - The bloc currency continues its meteoric ascent sparked in late July and accelerated after the FOMC has finally delivered another round of quantitative easing last week.
Sentiment around the euro remains buoyant, despite the broad disagreement among the finance ministers in matters like the EU banking union, Greece and Spain, as evidenced by the Ecofin meeting, held over the weekend.
Light docket ahead in the day for the EUR, as EU Current Account and Trade Balance are only expected. Across the pond, NY Empire State man index will only be released (-2.00 exp.).
The cross is now advancing 0.10% at 1.3129 facing the next resistance at 1.3181 (high May 3) followed by 1.3194 (Upper Bollinger) then 1.3242 (high May 2) and 1.3284 (high May 1).
On the flip side, a breach of 1.3020 (hourly support Sep.14) would bring 1.2980 (low Sep.14) then 1.2946 (Lower Bollinger) and 1.2900 (Psychological level).
Sentiment around the euro remains buoyant, despite the broad disagreement among the finance ministers in matters like the EU banking union, Greece and Spain, as evidenced by the Ecofin meeting, held over the weekend.
Light docket ahead in the day for the EUR, as EU Current Account and Trade Balance are only expected. Across the pond, NY Empire State man index will only be released (-2.00 exp.).
The cross is now advancing 0.10% at 1.3129 facing the next resistance at 1.3181 (high May 3) followed by 1.3194 (Upper Bollinger) then 1.3242 (high May 2) and 1.3284 (high May 1).
On the flip side, a breach of 1.3020 (hourly support Sep.14) would bring 1.2980 (low Sep.14) then 1.2946 (Lower Bollinger) and 1.2900 (Psychological level).
