FXstreet.com (Córdoba) - The Dollar is collapsing across the board. EUR/USD jumped above 1.5100 to 1.5142 posting the highest price since August 8 of last year. Currently the pair trades at 1.5135/39, 1.10% above today's opening price. The pair is posting the biggest daily gain in three months. To the upside, resistance levels lie at 1.5150 and 1.5185.
Michael J. Malpede, analyst at Easy Forex affirms: EUR traded sharply higher breaking above 1.5000 supported the Fed's pledge to maintain low yields for an extended period and in reaction to a statement from the ECB's Provopoulos that the ECB will announce the details of an exit strategy at December 3rd policy meeting.