Making new highs. Tests highs from Monday
The EURUSD is pushing higher after the of the US retail sales disappoint, manufacturing continues to show weakness and PPI is dull.
The high for the week was on Monday at the 1.09687 level. The price has also moved above and area that has a number of highs going back to December 29. that area comes in between the 1.0939 and 1.0945 (see chart above). This is now support.
The next upside targets come against the December 29 in December 30 highs at the 1.0992 level and then the 100 day MA at the 1.1012. The 200 day MA is at 1.1043.
