EUR/USD rises to its highest level since 18 April
The pair touches a high of 1.1286 as buyers attempt a break of the 100-day MA (red line) @ 1.1276. Ahead of the daily close today, that will remain the key resistance level that buyers must hold above in order to open up a move for a further extension higher.
Of note, there's offers lying around 1.1300 and swing region resistance from the mid-May highs at 1.1324 will also be a resistance area that sellers can lean on in case of a move up.
The dollar remains weak in general in trading today after some back and forth action but this could ultimately be a key catalyst that lends itself to further weakness in the greenback over the next few sessions. Watch this space.
