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Forex: EUR/USD briefly rises above 1.3100 after Schaeuble comments

FXstreet.com (Córdoba) - The euro received a boost and briefly rose above the 1.3100 mark versus the dollar after German finance minister Schaeuble said the ECB should reduce liquidity in EMU.

EUR/USD jumped to a high of 1.3116 on the comments, but quickly retraced the advance, sliding back to the 1.3080 area. At time of writing, EUR/USD is trading around 1.3085, still up 0.3% on the day.

In terms of technical levels, immediate supports could be found at 1.3045 (intraday low), and 1.3020 (low Apr 18) ahead of 1.3000 (psychological level). On the other hand, if the EUR/USD breaks decisively above the 1.3115/20 zone, next resistances are seen at 1.3200 and 1.3230 (50% of 1.3710/1.2750 slide).

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