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EUR/USD Sees Minor Volume Pickup on Shift to New Highs

EUR
  • EUR/USD shows just above the morning highs to print a new daily best at 1.0744, with gains picking up at typing.
  • No specific headlines or news trigger for the EUR move, but we do note a minor volume pick up in recent trade through the highs - around 1,250 contracts traded for a cash equivalent of just over $180mln on the latest leg higher.
  • Next topside levels cross at 1.0750 (50% retracement for this week's downleg) ahead of the 50-dma of 1.0796.

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