EUR/USD touches a high of 1.1317, the highest level since 24 June
Buyers are looking to capitalise on a push above 1.1300 going into North American trading, with price now looking towards the swing region around 1.1325 next.
As the near-term bias stays more bullish and buyers are extending the momentum, the 23 June high @ 1.1349 and 16 June highs around 1.1350 will be a key focus area.
There isn’t any headline catalyst driving the push here with the dollar continuing to keep weaker on the session. USD/JPY has also moved back down from 107.70 to 107.50 currently but dollar losses against risk currencies are still rather modest.
Back to EUR/USD, keeping and staying above the 1.1300 handle will be the first key test with a break above the resistance regions highlighted above to give further momentum for a potential test of 1.1400 once again (where the June highs stalled).