FXstreet.com (California) - EUR/USD has climbed 60 pips since opening the session at 1.4375, and advanced 45 pips as President Obama delivered his remarks on the latest US debt reduction efforts. The pair is showing positive upside strength in Asia, and has broken through resistance in the 1.4415 price zone to hit an early session high at 1.4435.

?EUR/USD has now broken cleanly above 1.4400 and looks like its triggered some stops, judging by the quick gap higher. Barriers were noted overnight at 1.4450 so I presume they are still there,? comments Sean Lee, editor at Forex Live.

At the time of writing, the cross is retreating from session highs, now quoted in the 1.4420 area. To the upside, Valeria Bednarik, Chief Analyst at FXstreet.com expects selling interest at 1.4440 and 1.4490. to the downside, support levels lie at 1.4335, 1.4310 and 1.4275.