FXstreet.com (Barcelona) - The bloc currency is trading below the key mark of 1.2300 on Tuesday, ahead of Chief B.Bernanke’s testimony before the US Senate due later on in the European afternoon.
EUR has climbed from the 1.2180 region on Monday to the proximities of 1.2315 during the Asian session, boosted by the hopes of further easing by the Fed after poor US retail sales figures during June.
At the moment, the cross is advancing 0.08% at 1.2283 facing the next resistance at 1.2293 ahead of 1.2330 then 1.2334 and finally 1.2365
On the flip side, a breakdown of 1.2265 would bring 1.2247 then 1.2212 and 1.2175
EUR has climbed from the 1.2180 region on Monday to the proximities of 1.2315 during the Asian session, boosted by the hopes of further easing by the Fed after poor US retail sales figures during June.
At the moment, the cross is advancing 0.08% at 1.2283 facing the next resistance at 1.2293 ahead of 1.2330 then 1.2334 and finally 1.2365
On the flip side, a breakdown of 1.2265 would bring 1.2247 then 1.2212 and 1.2175
