Euro nears 1.13 as it extends to the highs of the day

Euro hits 1.1295

The euro is showing its first sign of life this month. It’s a dim sign but at least it’s a pulse.

EUR/USD is up 17 pips to 1.1292 as it rebounds from the earlier drop to 1.1258, which was the lowest since November.

The bounce has a long way to go to change the trend. The break today clears the way for a return to the November low of 1.1214, although it’s an open question to whether we see a bounce first.


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