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Forex: EUR/USD in fresh highs above 1.3030

FXstreet.com (Barcelona) - The shared currency keeps its buoyant march on Monday, extending the post/NFP rally to fresh highs above 1.3030, as risk-on trade is creeping back to the markets.

“The euro is attempting to gradually stabilize in the near-term with EUR/USD trading close to its average level over the past year… The BoJ’s policy announcement will further expand global liquidity, which may support yield seeking flows into peripheral govt. debt helping to support the euro”, commented the research team at BTMU.

At the moment, the cross is advancing 0.25% at 1.3024 facing the next resistance at 1.3040 (high Apr.5) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the downside, a breach of 1.2918 (MA21d) would bring 1.2896 (MA200d) and finally 1.2868 (MA10d).

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