FXstreet.com (Córdoba) - The Euro jumped above 1.4500 to 1.4548 reaching a fresh intra-day high after breaking a range in which the pair traded most of the day. EUR/USD then pulled back to 1.4520. The pair is consolidating gains and currently trades at 1.4528/32, 0.13% above today's opening price. The Euro traded most of the day in a range between 1.4460 and 1.4520 before rising to fresh daily highs.
According to Valeria Bednarik, collaborator at FXstreet.com above 1.4530 the pair could change the downside bias for the day and could rise to test 1.4565 level, which is located the 38.2% retracement of the last daily fall.
The Euro is rising for the third consecutive day accumulating an increase of more than 230 pips. EUR/USD still trades below yesterday's high that lie at 1.4555.