FXstreet.com (Barcelona) - The Euro has resumed its uptrend against the Dollar after rejecting from 1.4345, intra-day high, and testing 1.4310 level in a consolidation movement during the American session, and the EUR/USD has risen to previous high levels close to 1.4345, currently the pair is trading around 1.4330/40, recovering its previous losses.

EUR/USD has been trading in a narrow range between 1.4310 and 1.4340 during the American session, in a consolidation movement after erasing loses from European session.

According to Valeria Bednarik, FXstreet.com collaborator, Dollar is stronger despite rising stocks: Greenback has been in positive territory since early Europe, even against yen that fell as gains in Asian shares bolstered investors' risk appetite and prompted increased buying of risk-sensitive units, against the Japanese currency... Despite that, EUR/USD remained capped under 1.4340 resistance level, spending most of the day consolidating between 1.4300 and 1.4340, holding a slightly bearish tone.

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