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Forex: EUR/USD keeps the positive around 1.3030/40

FXstreet.com (Barcelona) - The single currency is trading unmolested in a narrow range between 1.3920/40 on Tuesday, giving away overnight gains when the cross reached session highs in the proximity of 1.3070.

“EUR/USD has moved higher after soft comments from Bernanke underlining that he is in no hurry to ‘exit’ the current QE programme. Hence, despite the jitters in the euro zone, the relative monetary policy between the ECB and the Fed remains positive for EUR/USD”, commented S.Roed-Frederiksenm Senior Analyst at Danske Bank.

At the moment, the pair is advancing 0.18% at 1.3034 with the next resistance at 1.3068 (hourly high Apr.9) ahead of 1.3107 (high Mar.15) and then 1.3115 (38.2% of Feb-Apr slide).
On the downside, a breach of 1.2963 (low Apr.8) would expose 1.2949 (high Apr.4) and finally 1.2919 (MA21d).

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