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EUR/USD still meeting resistance above 1.0960

Yesterday the EUR/USD stalled ahead of 1.0960 and fell back to around 1.0925. The low was set just after the 4pm London fix and the modest rebound that ensued into the US close saw it end the day there at 1.0954. Earlier today the Euro did just manage to vault the 1.0960 level, but stalled again just above that level, setting a high so far at 1.0963. The high seen last week was set at 1.0965. It has now backed off again, falling to 1.0945 a moment ago. This drop comes as the USD/JPY lifts from earlier lows and once again seems to be driven by corresponding fall in the EUR/JPY. The EUR/USD is currently trading at 1.0946 
 

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