The EUR seems intent on testing the highest points of its short-term resistance. The Single Currency as of this writing is near 1.3677 versus the USD. The most recent high for the EUR was made around the 14th of January and that mark was about 1.3698. If the EUR should punch through that value the currency could try to test one month resistance levels. Data from Europe will be relatively light tomorrow with Italian Retail Sales, Spanish HPI, and the Belgian NBB Business Climate reading. Going into the weekend the Single Currency looks like it will be put to the test as traders will have to decide if they want to hold the currency and continue their bullish positions. In other FX news the GBP has done well against the Greenback also today.
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