FXstreet.com (Barcelona) - EUR/USD has risen around 75 pips in the last hour from 1.3240 to reach 1.3320, fresh two-weeks high. Currently the pair is trading around 1.3300/10 after rising 1.35% so far today from opening price action at 1.3130.
According to Valeria Bednarik, FXstreet.com collaborator, EUR/USD remains bullish: First signs of exhaustion in the hourly chart are weighting in the pair, despite bigger charts remain bullish. The pair reached the 14.6% of the last up leg, so probably under 1.3230 corrections could extend to the 1.3300 zone. Pair failed to reach the strong descendant trend line around 1.3310, yet as long as remains around here, probabilities still favor the upside. Volume is high at this time, and probably increasing in the next couple of hours. Support levels: 1.3230 1.3200 1.3160. Resistance levels: 1.3275 1.3310 1.3340.
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