EUR/USD daily uprise tops at 1.3680
Wed, Mar 10 2010, 20:07 GMT
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FXstreet.com (Barcelona) - The single currency is gaining between 60-70 pips from previous close at 1.3600. The pair traded in a muted tone overnight, trapped between 1.3590-1.3610. Earlier in Europe, USD managed to break to the downside bottoming at 1.3544 (intra-day low).
The levels EUR/USD fell to were clearly rejected by the market as price rebounded up to make a steady progression towards 1.3680 (intra-day high). EUR/USD was dragged lower at 1.3620 mid-season in the US although has been picking up in recent hours. The current price is hovering between 1.3650-1.3660.
According to Valeria Bednarik, FXstreet.com independent analyst “ Pair is quoting at daily highs testing 1.3640 area. With positive sentiment on markets,as gold and Wall Street are rising strongly and technically bullish in the hourly chart, pair should accelerate above 1.3650 and approach to key 1.3685/1.3700area”.

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