Rising Stocks elevate Euro

21:00 GMT
The Euro is trading higher against majors  as U.S stokes moved higher.

EURUSD – has broken above its resistance level 1.3080 this after noon, and continues to advance higher towards 1.32.
Next significant resistance level is around 1.3307.

EURJPY – has retraced upwards to test 118 after hitting a record low at 112.1 last week. The pair has now reached an important resistance level at 117.1, a clear break above could bring us back to the midrange level since last October at 121.5  – this will become more likely if and when the USDJPY will return to trade above 90.

The Euro was also relatively stronger than the pound on New York opening (even though the Pound has climbed back most of its fall from last week, now trading around 1.4 GBPUSD).

Z.Georgi

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