Stops tripped above 1.3730 drove EUR/USD to a fresh session high at 1.3746. It’s also the highest since October.
Possible barrier at 1.3750 is holding the line so far. Buy stops above 1.3755 with offers at 1.3770 and more at 1.3780/85.
Similar story in cable as it climbs to 1.6424.
Cable offers starting at 1.6437 and extending to 1.6450 to protect the December highs. A barrier may also be in place at 1.6450.
Bullard is mulling a taper this month and that should help the dollar but selling pressure has extended to AUD as well.