The pair is now higher and trades to a high of 1.2923
But the pair is running into the same resistance level as earlier this morning, which is the 100-hour MA (red line) at 1.2922.
At the moment, that is stalling the upside move again - after the pair bounced off the support level as mentioned earlier in the day here.
There's no news on the wires that is pushing the pair higher again, it's mainly just flows at the moment. Trading ranges for majority of the dollar pairs remain relatively narrow still.
EUR/USD only has a 25 pips range on the day and cable only has a range of 28 pips. That basically sums up how things have been so far in the European trading session.
