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EUR/USD tests 1.1050 as dollar stutters
The fall in the USD/JPY today, noted in a previous update has allowed the EUR/USD to advance. The Euro has just now tested the 1.1050 level and that is the highest it has traded since the end of last year, when it topped out at 1.1139 on December 28. The prior 2024 high was set at 1.1054 on January 2. So, as you can see the Euro is now close to reaching a new 2024 high. The low seen earlier today was set at 1.1014. The EUR/USD is currently trading at 1.1049
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