21 Nov 2013
EUR/USD higher on Draghi's comments
FXstreet.com (Córdoba) - The EUR/USD jumped to fresh daily highs during the European session benefited by ECB Draghi's comments on negative deposit rates.
Draghi: Don’t try to infer negative rates
Speaking in Berlin, the European Central Bank President said that negative rates were discussed in last policy meeting but there has been no news since then, talking down the idea. The EUR/USD rose to a daily high of 1.3476 on the comments, recovering from 1.3398 where it bottomed out earlier. At time of writing, EUR/USD is trading at the 1.3460 zone, recording a 0.2% gain on the day.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate resistances at 1.3476 (daily high), 1.3500 (psychological level) and 1.3530 (20-day SMA). On the other hand, supports are seen at 1.3398 (daily low) and 1.3384 (100-day SMA).
Draghi: Don’t try to infer negative rates
Speaking in Berlin, the European Central Bank President said that negative rates were discussed in last policy meeting but there has been no news since then, talking down the idea. The EUR/USD rose to a daily high of 1.3476 on the comments, recovering from 1.3398 where it bottomed out earlier. At time of writing, EUR/USD is trading at the 1.3460 zone, recording a 0.2% gain on the day.
EUR/USD levels to watch
In terms of technical levels, EUR/USD could find immediate resistances at 1.3476 (daily high), 1.3500 (psychological level) and 1.3530 (20-day SMA). On the other hand, supports are seen at 1.3398 (daily low) and 1.3384 (100-day SMA).