Tests Moves above August highs at 1.19098. Highest level since January 2015.
The EURUSD has moved higher as the headlines from Draghi's speech do not paint a bearish picture - at least yet.
The EURUSD traded right up to the August high at 1.19098. The high reached 1.1911, and stalled a bit. The pair is staying near the high. A break above could trigger stops. The bulls remain in control.
UPDATE. The pair is breaking to new highs since January 2015 and stops are being triggered. Close risk is now at the old August high at 1.1910. The high has reached 1.1941 on the stop buying.
There is not a lot of resistance until the natural 1.2000 level. Above that the swing low from 2012 comes in at 1.2042.
Right now, the buyers would like to see the 1.1910 level. Below that the 1.1892-1.1900 levels will be eyed and 1.1876 once again.
