FXstreet.com (Córdoba) - The Dollar is falling across the board as markets in the U.S. continue to rise. EUR/USD is testing intra-day highs which are also the highest level in more than a year. The resistance is located at 1.4920 and above the next one lies at 1.4950. The pair is rising for the third consecutive day in a row.
The FastBrokers Research Team affirms: We have reason to believe the EUR/USD's upward movements could accelerate over the next 24-48 hours, especially if U.S. data and earnings continue to flow in better than expected. However, the mixed EU econ data is a cause for concern and may be addressed next week if fundamental conditions don't show signs of improvement. Additionally, the longer EU data sends mixed signals, the longer the ECB will leave its major alternative liquidity measures intact.