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EUR/USD finally trades above 1.10
Well, as expected and advocated here several times earlier today, the EUR/USD has eventually lifted above 1.10. The high set a moment ago was at 1.1008. The move higher comes as the EUR/GBP extends the move to above 0.8600 and the Euro seems to attract a degree of haven flow over the dollar. As to whether that is technically the correct direction does not matter. The dollar versus Europe is not making any traction right now leading into the important service sector ISM report (at 2pm GMT). The move to above 1.10 now today endorses the rise earlier above 1.0948. It is now up to a number of moving parts, as to whether the Euro can hold, or even extend this gain, but in any case you were warned well in advance of the prospect of it happening. The EUR/USD is currently trading at 1.0987
Market News
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