EUR/USD has seen accelerated gains to 1.4077, with aforementioned buy stops just above 1.4050 having been triggered. Technical resistances now up at 1.4080 and 1.4100. Will be very interesting to see what North American traders make of this morning’s moves.
Comments from EU’s Almunia have been hitting the wires over past 10 minutes and their optimistic tone with be helping underpin EUR/USD.
He feels we are exiting recession and can look forward with greater optimism and hope on the economy.
