Positively concluded Spanish auction pushes EUR/USD further
EUR/USD reaches higher making new daily highs at 1.4626 just shy of yesterday’s highs at 1.4627.
Giving support to the euro is a positively concluded Spanish auction, that although came at a higher cost for Spain was in the end well bid for.
To the upside first resistance is seen at 1.4630 beyond that at 1.4679. To the downside support lies in the region of 1.4476- 1.4528.
RTFX Trader TIP (EUR/USD) scenario for the day remains in the cards – it foresaw an up move towards 1.4630. Elliott Wave projections see a potential move up to 1.4678 in the near term.
Good day
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