FXStreet (Edinburgh) – The shared currency is accelerating its daily upside, sending EUR/USD to test fresh intraday tops in the vicinity of 1.1340.
EUR/USD stronger post-Yellen
The pair gained further ground following the press conference by Chairwoman J.Yellen, who insisted that the Committee will remain ‘data-dependent’ in order to assess the proper timing for a rate hike.
She also emphasized that members are willing to see further evidence that a moderate economic growth can be sustained before returning to a normalization of monetary policy.
EUR/USD relevant levels
As of writing the pair is up 0.65% at 1.1321 with the next resistance at 1.1337 (high Jun.17) ahead of 1.1386 (high Jun.10) and finally 1.1400 (psychological level). On the flip side, a breakdown of 1.1206 (low Jun.17) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12).
(Market News Provided by FXstreet)