The single currency crosses again the level of USD 1.33, supported by the adjustment of speech of the ECB and the Federal Reserve (FED) and the prospect of increased financial firewall for the Eurozone.

If the speculation about a third quantitative easing had been mitigated by positive U.S. statistics in recent weeks, the Fed chairman Ben Bernanke has tempered the enthusiasm of traders in indicating that the recovery of the labor market is not yet acquired. Instead, Mario Draghi, its European counterpart, adopted a decidedly positive tone by saying he had observed "signs of stabilization in financial markets and the economy" of the Old continent.

The upward pressure of the European currency was mainly due to changes in the speech of Angela Merkel about the mechanisms to fight the crisis after it announced that Germany was considering a merger of EFSF and MES to achieve a financial shield of 700 billion euros.

Technically, the Euro benefits from media context to cross upward a channel in which it evolved since the beginning of March, paving the way to USD 1.3534. Thus, we turn buyers at current level with a stop-loss under the USD 1.318.