FXstreet.com (CÃ³rdoba) - The recovery of the Dollar against the Euro found support at 1.4485. EUR/USD rebounded and now is back above 1.4500. The pair rose early to 1.4532 posting a fresh high for the year. Below 1.4485 the next support lies at 1.4455. On the upside resistance is located at 1.4550. The pair is 1.25% above today's opening price. The Euro is rising for the third consecutive day against the Dollar.
According to the ecPulse.com analysis team: Today, optimism is spread within the currencies market as more and more data released from major economies are cheerful and demonstrate the presence of a global recovery, even as lack of fundamentals from the world's largest economy,which pushed traders to target higher-yielding currencies as the pound and the euro, still so far the major weakened slightly due to some technical movements.