EUR/USD touched a two-month high of 1.341.
Today’s half-cent rise broke the 200-week moving average (at 1.3386) for the first time since February. All eyes are now fixed on 1.3416 which was the highest since February. EUR/USD traders have made four attempts at the level in the past two weeks and all of them have been rebuffed but the lack of large rejection shows the determination of the buyers.
EURUSD daily chart
If the 1.3416 level breaks it might not break out. There are reports of offers up to 1.3420 but it will be a run on stops after that.
