© Dukascopy
Daily
maximum: 1.3613
Euro attempted to advance today after the European Central Bank president Mario Draghi assured financial markets that the Central bank will continue doing what it has to do amid the German Producers Price Index released higher than forecast (0.2% versus 0.1%) today. This caused the pair to breach the market mean at 1.3467 and strive to a daily maximum at 1.3613.
The
third resistance at 1.3706 might be tested next by bullish investors while bearish
investors should be aware of support lines at 1.3404, 1.3355 and 1.3237
respectively. The daily stance is bullish.