FXstreet.com (Barcelona) - The EUR/USD has moved back above the 1.3100 line as Fed's Bernanke basically makes the same speech of yesterday, according to Reuters. Regardless, traders hit the buy button and the pair is currently higher by +0.33% on the day.

Earlier, ECB’s Mersch said that a well-constructed banking union would ease burden on monetary policy, while a destabilized ECB transmission mechanism is destabilized risks price instability.

Surprising analysts, pending home sales have risen 4.5% in January, instead of the expected 1.5%. Also worthy of note is the upward revision of December figure, from -4.3% to -1.9%. The annualized data moved higher from 6.9% to 9.5%. US Durable Goods Orders fell -5.2% in January, more than expected (-4.4%), while data “ex Transportation” was able to gain 1.9%, more than the 0.2% consensus.

Mataf.net analysts point to resistance at 1.3125, 1.3195 and 1.3245. On the downside, supports might be found at 1.3070 1.3020 and 1.2960.