EUR/USD hits 1.3685

FXstreet.com (Buenos Aires) – Euro found support in Wall Street, as DJIA rose to a fresh 2-years high, quoting now almost 100 points up, and S&P adding today 0.55%. News the euro zone is finally finding relief to its economic woes along with rising inflation are giving further support to the common currency.

According to Valeria Bednarik, Fxstreet.com chief analyst, pair could continue gaining over the next few hours; she states: “immediate target area and strong resistance comes around 1.3730, 61.8% retracement of last weekly fall; with indicators again exhausted to the upside the level should be key to trigger a bearish corrective movement: if reached, retracements below 1.3710 should signal a bearish corrective movement towards the 1.3630 price zone”.

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