EUR/USD lifts above 1.0900 for the first time this year

Following on from a slightly earlier update advocating more upside for the EUR/USD, the Euro has now lifted above the 1.09 handle (1.0902 the high so far) for the first time this year. The previous interim high set last year at 1.0936 is now clearly on the radar, as is that much touted technical level, at 1.0961. The only surprise here; is that is has taken so long to get where it is right now, under the current circumstances. So, as you can see the topside is very much still hard fought for the Euro. The risks of a US recession are rising and this whole Trump tariff dynamic will more than likely secure that in due course. So, ignore whatever Trump has to say about that, because tariffs are no elixir for the US economy and if anything it is exactly the opposite and the markets know that. The EUR/USD is right now at 1.0897