EUR/USD approaching last week’s post-ECB high by Milan Cutkovic

  • EUR/USD is marching towards the 1.2456 level, which was last Thursday’s high
  • The pair reached it during Draghi’s press conference
  • Broad USD weakness caused by USD/JPY long liquidations is pushing the Euro higher
  • The currency has generally benefited from risk-off environments in the past few months
  • A daily close above the aforementioned resistance level would certainly be impressive and signal a change in the short-term trend
  • The next bull target would be the 1.2570/1.26 area

EUR

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