FXstreet.com (Buenos Aires) - Despite at actual point investors seem reluctant to continue pushing higher, EUR/USD started current session above the daily descendant trend line coming from the 1.4337 high. Quoting around 1.4140, daily charts are slightly bullish not yet confirming further rises in the pair. Strong resistance come at 1.4201, this month high, followed by 1.4240 and above 1.4290 zone. To the downside, pair needs to move under 1.4085/1.4100 congestion zone to extend downside correction to 1.4040.
U.S. stocks run a late rally with Dow Jones closing up +1.1%, as noted economist Nouriel Roubini predicts an end of the recession for this year. Roubini, a professor of economics at the Stern School of Business, New York University and chairman of RGE Monitor, became quite famous after predicting actual crisis. His comments prompted a spike in industrial and material stocks, helping keep high yielding currencies well bid ahead of Asia.
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