FXstreet.com (Barcelona) - European markets are going through a mildly positive session although investors remain cautious after yesterday's Fed announcement to purchase Treasuries; The Dollar continued weakening against the majors.
European markets are going through gains around 1.0%; Eurostoxx 50 adds 1.35% at midday Central European Time, while German DAX index gains 0.98% and French CAC rises 0.90%.
Major currencies continue strengthening against the Dollar; The Sterling, after having broken above 1.4300 and 1.4337 (Mar 18 high) the Pound approaches resistance level at Feb 24 low at 1.4375.
The Euro has bounced at 1.3415 intra-day low and has appreciated gradually to test yesterday's high at 1.3535; in case of successful move above there, next resistance level comes at 1.3590.
USD/JPY continues dropping like a stone and the pair advances below 94.95 support level on its way towards what it seems an strong support level at 94.64 (Jan 6 high).