FXstreet.com (Barcelona) - After several attempting to break 1.4315 resistance level during the European session, EUR/USd has finally broken this level and it has risen around 45 pips from 1.4285 support to post 1.4330 as fresh intra-day high ahead of the ECB rate decision.
Currently the pair is trading around 1.4320/30, 0.50% above today's opening price action.
Stoyan Mihaylov, analyst at Deltastock, expects a Euro higher: EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
Mihaylov concluded: We favor the idea, that an uptrend is already on the run, aiming at 1.4344 and 1.4444, en route to 1.4653. Crucial for the intraday positive trend is 1.4253 support area.