In spite of starting the week on the back foot following the collapse of the government in Netherlands, together with the fact that Hollande toped first round of the French presidential vote with 27%, the pair settled higher on the back of growing speculation that the ECB will support the peripheral Eurozone via another round of aggressive bond purchases in the near future. Also, less than impressive PMI data did little to boost investor sentiment for the joint EU bloc currency. However, reports according to sources that that EU officials are considering whether to soften 2013 budget targets and give more weight to 'structural deficit' within the targets offset the bearish sentiment. In addition to that, the pair was boosted by comments from Fed’s Bernanke during the press conference post the FOMC decision where he noted that the Fed remains entirely prepared to take additional balance sheet actions if necessary. In terms of technical levels, supports are seen at the 21DMA line at 1.3167 and then at the 100DMA line at 1.3114. On the other hand, resistance levels are seen at 1.3300/10 and 1.3368
Sumber : Forex.com
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