FXstreet.com (Barcelona) - Fed’s Bernanke speech sent the EUR/USD on to a plunge, losing completely the sight of 1.2300 level to reach as low as 1.2225.
In his testimony, Fed’s Governor said progress in reducing employment will be “frustratingly slow”, but the Central Bank is prepared to act when needed. Meanwhile, Fitch says China will suffer a soft landing, which is also risk-off news.
Mataf.net analysts point to resistances at 1.2310, 1.2335 and 1.2400. On the downside, supports might be found at 1.2210 and 1.2155.
In his testimony, Fed’s Governor said progress in reducing employment will be “frustratingly slow”, but the Central Bank is prepared to act when needed. Meanwhile, Fitch says China will suffer a soft landing, which is also risk-off news.
Mataf.net analysts point to resistances at 1.2310, 1.2335 and 1.2400. On the downside, supports might be found at 1.2210 and 1.2155.
