Fed Report Leads to EUR/USD Daily Highs

The Euro is actually rising against the Dollar after the Federal Reserve releases a massive Loan report about who take what and when from Federal Reserve credit and liquidity facilities. In the last moments the EUR/USD has jumped from 1.3045 to break up 1.3100 level and reach an intraday high at 1.3180 in a reaction movement.

Currently, the pair is trading close to 1.3140, next resistance levels at 1.3180/00 (Nov 29/26 lows) and then 1.3125 (200-day MA). On the downside, support levels lie at support at 1.3065/80 (Intra-day levels), and below here, 1.3045 (previous highs) and 1.2965/70 (Nov 30 low/day low).