EUR/USD up 20 pips on the day
EUR/USD climbed 30 pips in the last half-hour. Some stops in the 1.1765/70 range were tripped as the highs from earlier today and Friday were breached.
The next level to watch is Thursday's high of 1.1790.
It's a quieter day but you have to be encouraged by this latest bump. The weekly CFTC positioning data showed specs paring back euro longs fairly quickly. That's actually a good sign because it means the longs are tentative, not in love with the trade.
Ultimately, price action is the best indicator and the euro finds a way to win in seemingly every environment lately.
