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EUR/USD spikes to 1.0875 again- can it extend the move?
Yesterday the EUR/USD was forced lower once more, after stalling earlier in the session at 1.0875. The slide in stocks and gains in the Yen hampered any further upside, as the EUR/JPY fell back. So, the EUR/USD dropped back to below 1.0820 once more. Earlier in the day it had rebounded from a low at 1.0805. The Euro later closed in the US at 1.0834. Today it has not long ago lifted sharply, from a session low at 1.0830, to once again trade at 1.0875. The catalyst for the rise was headlines once again stemming from the German Green party. They have said a deal on the German defence spending bill is on the table. Despite stalling at 1.0875 again so far, the prospect of further upside, towards that touted 1.0961 technical level remains on the table again today too. The EUR/USD is currently trading at 1.0872
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