EUR/USD spikes in Asia, approaching 1.36
FXstreet.com (Barcelona) – EUR/USD has spiked higher in Asia, taking the exchange rate from a session low of 1.3558 all the way to 1.3590 (stops done) in a move largely driven by broad-based USD weakness.
From a technical view, “the EUR/USD hourly chart maintains a strong neutral stance in the hourly with the upside still favor as per price developing above some short term speed lines coming from 1.3240” notes Valeria Bednarik, Chief Analyst at FXstreet.com.
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