We made one probe above the 1.3570 level and are making a second attempt at the moment. Small stops were tripped above the 1.3575 level on the first pass, resulting in a 1.3577 high before a dip.
If momentum can be sustained. look for a good battle ahead of 1.3600. If China holds the barrier (as they usually do) they have plenty of ammunition to protect it if they decide to…They were buyers on dips earlier today and have healthy short-term profits that they might be willing to book…
EUR/USD trades now at 1.3570.
