The EUR/USD broke decisively above 1.4400 and jumped to 1.4435 hitting a new 2-week high. The Euro resumed its rally after the release of a statement made by the Council of the European Union with details about the agreement on a plan to help Greece. The pair has now risen 300 pips from Thursday’s low.
“Technical studies indicate that supports are located at the 100DMA line at 1.4303 and then at the 10DMA line at 1.4152. On the other hand, resistance levels are seen at 1.4467/96 and then at the 21Day Upper Bollinger Level at 1.4557,” the Talking-Forex Analysis Team wrote on its daily report.
The Euro is opening the Asian session on a strong note, gaining ground across the board.
“Technical studies indicate that supports are located at the 100DMA line at 1.4303 and then at the 10DMA line at 1.4152. On the other hand, resistance levels are seen at 1.4467/96 and then at the 21Day Upper Bollinger Level at 1.4557,” the Talking-Forex Analysis Team wrote on its daily report.
The Euro is opening the Asian session on a strong note, gaining ground across the board.
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