FXstreet.com (Córdoba) - The euro managed to bounce strongly, along with other currencies and stocks, after the kneejerk reaction to Fed's Bernanke speech, where the Chairman said the Fed was prepared to act to boost the US economy but offered little details.
EUR/USD broke below the 1.2200 level and fell as low as 1.2188 before buyers reappeared sending the pair toward the 1.2245/50 zone where it is trading at time of writing, still down 0.2% on the day.
As for technical levels, if EUR/USD manages to recover the 1.2250 area, next resistances could be faced at 1.2285 and 1.2315, while on the contrary, supports for renewed weakness are seen at 1.2200, 1.2175 and 1.2160 (2-year low).
EUR/USD broke below the 1.2200 level and fell as low as 1.2188 before buyers reappeared sending the pair toward the 1.2245/50 zone where it is trading at time of writing, still down 0.2% on the day.
As for technical levels, if EUR/USD manages to recover the 1.2250 area, next resistances could be faced at 1.2285 and 1.2315, while on the contrary, supports for renewed weakness are seen at 1.2200, 1.2175 and 1.2160 (2-year low).
