Fresh highs of the day in EUR/USD at 1.3074.
And don’t look now but that’s five consecutive days of solid gains for EUR/USD for the first time since December.
No surprise that we’re not seeing a pop higher on the break above the European high at 1.3067 because there are strong offers up to 1.3080. We could see some buy stops near that level as well. More offers at 1.3100/15.
The 38.2% Fibonacci looks like an enticing level for technical sellers.
