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EUR/USD edges above 1.03 but can it hold the rebound?
Well, it has taken all morning, but finally the EUR/USD has managed to vault the 1.03 handle. The high is not much above that right now though and besides, the 1.0335 is the more important price point, as noted here much earlier today. The move higher in the EUR/USD comes as the GBP/USD edges past 1.24 and the USD/CHF holds for the time being below 0.9100. At the same time the USD/JPY is still relatively elevated, around 157.25 and that has helped to lift the EUR/JPY back to test 162.00. The EUR/USD is currently trading at 1.0298 and we wait to see if sellers will wait for better levels to lean into, what is already something of a rebound from the lows yesterday afternoon
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