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EUR/USD pushing closer to 1.06 this afternoon
The noted break above the 1.0550 level in the EUR/USD this afternoon has now delivered further upside. At the same time the GBP/USD has done as expected and extended a move above 1.2750. The Pound is traded just above 1.2770 now and the reader is reminded of the next resistance level, at 1.2821 (200 day moving average), which could be a tough nut to crack. Meanwhile, the EUR/USD has just now risen to a new session high at 1.0589 and that means it is pushing ever closer to the 1.06 handle that was noted here earlier today. The Euro topped out last week (November 29) at 1.0597 and that looks like the next level on the radar from here, but it remains to be seen, if that will be put to the test this afternoon. The EUR/USD is right now at 1.0583
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