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EUR/USD lifts to a new rebound high this morning

Following on from an earlier update here this morning, noting how the impact of the move to a new 16 year high in the EUR/JPY was helping to drive the EUR/USD higher, that has now surpassed the high seen earlier this week. The EUR/USD is pushing above 1.0720 this morning. The reader is reminded of the next technical correction level on this one, at 1.0743. That is now surely on the radar this morning. The further rise in the EUR/USD this morning is adding fresh pressure onto the USD index and sending that closer to its most recent interim low at 105.59. The EUR/USD is just now trading at 1.0720

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