FXstreet.com (Córdoba) - EUR/USD was kicked above 1.32 as investors gained confidence in risk taking assets, says the UBS analyst team. UBS team notes that yields of Spanish and Italian government bonds dropped remarkably without any clear change on the political front, while US housing data was quite solid, while the current account was higher than expected.

"We would interpret the move as a nice year-end rally, carrying the exchange rate beyond the resistance around 1.32", they comment. "We expect the trend to remain stable and short term investors could even try to aim for 1.34".