EUR/USD: traded as high as 1.3305

FXstreet.com (Buenos Aires) – The wild dollar selloff has lead to a test of the 1.3305 level in the EUR/USD, levels not seen since late February this year. Despite pulling back some at the time being, the pair holds into its gains, having added nearly 2 cents today. An ECB offering no economic policy change along with a more confident outlook, has helped the pair earlier, but is yen strong advance what triggered dollar selloff across the board and therefore, such gains in the EUR/USD.


At current levels, the pair maintains a strongly positive bias, with immediate support at 1.3241, May 1st daily high, followed by the 1.3190/1.3200 area that contained price advance several times over the last two months. With New York heading for lunch, and London closing down, market will likely child down a bit now, and consolidate ahead of tomorrow’s US NFP figures.