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EUR/USD still unable to vault 1.09

Yesterday afternoon, as US yields and the USD/JPY fell back below 151 and towards 150, that was the green light for the EUR/USD to try the topside again. Well, it did do that, but it did not make it past 1.09 at the third time of asking. The EUR/USD lifted from an earlier session low at 1.0830, to 1.0896. That high was above the high seen Tuesday, when it topped out at 1.0887. So, one might be forgiven for disappointment there, for failing to take out 1.09. There is surely a degree of that in place this morning. The EUR/USD later closed in the US at 1.0852 and it has not made any progress so far today and if anything the immediate price action is suggesting downside right now. The clear and immediate price points to note this morning would be 1.0830 and 1.0896. Right now the EUR/USD is being held in check by a number of other components, namely the GBP/USD at the moment, not withstanding some recent upside in the EUR/GBP, following a very disappointing UK sales report a short while ago. The EUR/USD is currently trading at 1.0843
 

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