EUR/USD inches to near three-month high as dollar eases a little on the session

Technical Analysis

Author: Justin Low | eurusd

EUR/USD nudges its way to 1.1930, highest level since 1 September

EUR/USD D1 25-11
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Buyers are now trying to hold a break above the 9 November high of 1.1920, with a firm push above that to see little in the way of the pair heading towards some daily resistance around 1.1966 and then the 1.2000 level.

The dollar is keeping a little softer on the session now as it pares its earlier advance against the aussie, loonie and kiwi as well. AUD/USD is flat at 0.7360 while USD/CAD is dragged back down to 1.3000 after hovering around 1.3020 earlier in the day.

Back to EUR/USD, this could be buyers starting to test the waters a little so just be mindful that there could be more follow through momentum in US trading later.

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