EUR/USD up 41 pips to 1.1267
The euro rose to a session high at the London fix. It's been bid all day and supported by a strong IFO number.
Bids:
- 1.1246 - small
- 1.1221 - today's low
- 1.1200 - demand ahead
- 1.1190 - 100-dma
Offers:
- 1.1271 - session high just touched
- 1.1290 - strong offers said to continue up to 1.1290 from spot
- 1.1300 - strong offers, buy stops above
- 1.1327 - Sept 8 high
- 1.1366 - Aug 18 high
It may be a tough slog for EUR/USD to press higher from here.
