EURUSD looking frisky after sources story

The buck has taken second place in the EURUSD trade as it swings into 1.0900, and grabs a new high at 1.0920.

We're sitting just below61.8 fib of the Nov/Jan swing down and a break there could see some shorts packing their bags.

EURUSD H4 chart

Look for 1.0900 to build support if this rally is to continue. 1.0880 is the level under that.

While the sources story may have some legs, it's talking about June, which leaves Thursday's ECB meeting open to Draghi doing what he does best, and that ain't being hawkish ;-)