November 20, 2023 14:48 GMT
EUR/USD Aided to New Highs by Strong Equity Open
- EUR/USD narrows in on session highs in a USD-driven move, with the rally in equities and step lower for the US 10y yield largely responsible. Clearance of this morning's 1.0940 puts the pair at new recovery highs and the best levels since late August.
- 1.0945 crosses as next intraday resistance but levels seen stronger into 1.0960, the 61.8% retracement of the July-October downleg.