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EUR/USD still struggling to get above 1.0673

Yesterday the observation of the markets looking to sell EUR/USD rallies ahead of 1.0673 was pretty much on the money. The first attempt at that level saw the EUR/USD drop back to 1.0630 and the second attempt into the 4pm London Fix saw another rebound blow out at 1.0674. The EUR/USD later closed in the US at 1.0661. Earlier today it dropped back again, but so far it has not broken any new ground on the downside. The low so far has been set at 1.0641. The range has been covered by that and an earlier high at 1.0664. The Euro is still subject to further dollar strength it seems and unless anything changes in that regard, the topside looks limited for the EUR/USD this side of the weekend. It is just now trading at 1.0651
 

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