FXstreet.com (Córdoba) - EUR/USD is hovering around 1.5000 after posting at 1.5018 a fresh 14 month high. Currently it trades at 1.5008/12, 0.48% above today's opening price. The next resistance levels lie at 1.5020 and above at 1.5040. On the downside support is located at 1.4980 and below at 1.4940.
Andrew Wilkinson, analyst at Interactive Brokers, affirms: As the euro hovers around $1.50 the big question is 'where next?' It appears to us that the move is not yet over and we'll likely see a couple of cents more on top before the dollar can gather its thoughts. There are increasing statements from European aficionados who are openly calling the impact from a strong euro as dangerous. Until euro bulls recant, the dollar will stay under pressure.