EURUSD spikes higher spurred on by cross demand

From treading water caught in a range the pair has now burst higher 14 July 2016

No news that I'm aware of so my guess is a combined whammy of EURJPY and EURGBP demand that has seen EURUSD burst higher through decent offers/res around 1.1150

EURCHF hasn't gone with it and remains around 1.0900 after earlier falls sending USDCHF down to 0.9763 so no sign of SNB but they'll be keeping a close eye still.

More supply at 1.1170 and all the way into 1.1200. Keep an eye on cross pairs for clues.

Best in 2026

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