EUR/USD broke resistance at 1.2840/45 and sprinted as high as the 1.2897 level. We’ve yet to pick up a particular catalyst for the move, but EUR/JPY is being dragged higher as well and equities are responding, turning positive after a dip. Currencies led stocks higher yesterday and hey seem to be leading the way today as well.
The next key area of resistance is in the 1.2980/1.3000 region.
