EUR/USD has broken through the top of the triangle that has defined its consolidation in recent weeks and triggered stops above 1.2965, Monday’s high. 1.3080 is the next technical hurdle for EUR/USD if it maintains levels above 1.2950/55. Right now, we trade at 1.2985.
The move comes amid the indictment of Illinois Governor Blagojevich, a Chicago pol who shares ties to Obama associate Rezko. This could be a stink-storm for the president elect in the run-up to his inaguration.
