FXstreet.com (Buenos Aires) – EUR/USD lost over 70 pips in a few minutes, following FED’s Plosser hawkish comments, signaling an economic policy reversal. The common currency has been under pressure most of the week, as after reaching a fresh yearly high at 1.4250, profit taking along with Portugal debt woes had been pushing the cross to the downside.
Quoting right now around 1.4080, pair faces immediate support at the weekly low set at 1.4053, followed later by 1.4000 psychological level. However and despite recent losses, bullish trend remains intact, according to Valeria Bednarik, Fxstreet.com chief analyst, as long as above 1.3950 price zone.
