EUR/USD edges closer to 1.11

Since an earlier update here this morning the EUR/USD has managed to push its way just above the high seen yesterday, at 1.1095. The move higher has not accelerated much at all yet and of course we have the 1.11 handle to potentially provide some resistance and that is just now being put to the test. The dollar is still suffering the overhang of the weak JOLTS data seen yesterday and of course we do have some pretty important US data this afternoon. That might add or detract from the current push higher in the Euro. However, for now it is the weaker dollar dynamic that is paying out to assist the Euro to a new high on the week