Strategist at Westpac Richard Franulovich sees the pair’s upside meeting strong resistance near the 1.1500 area. Key Quotes “Risks on EUR/USD building in favour of a topside break following Chair Yellen’s decidedly dovish speech. Would prefer to sit out any gains beyond 1.15 though”. “The well-worn theme of EZ-US growth and policy divergence should reassert itself in due course. A steadily firming trend to the US should assuage Yellen eventually and help stabilize the USD. Similar dynamics played out last year”. For more information, read our latest forex news.