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.