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EUR/USD pushes higher to test 200 day moving average again
Yesterday the EUR/USD initially rose to 1.0818 after the US ISM index missed to the downside. However, that rise soon gave way to a fall back below the 1.0800 handle again and that was all due to another lurch lower in the EUR/JPY, as risk aversion gripped the US stock markets and sent that cross lower. The EUR/USD later closed in the US at 1.0791. It was trading below 1.0800 for most of the Asian session today, as the EUR/JPY dynamic stymied any upside for the EUR/USD once more. However, since the European opening today, the Euro has managed to press higher again and just now threaten the 200 day moving average. That is in place today at 1.0826 and the high seen a moment ago was set at 1.0825. The EUR/USD is facing resistance at that level again for the time being. It is currently trading at 1.0821
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