Trades at highest level since August 13
The EURUSD has extended to new session high and is trading at the highest level since August 13. The high price just reached to 1.1218.
Technically, the pair is looking to test the 50% retracement of the move down from the 2019 high price from back on January 11. That comes in at 1.12241. A move above that level will look toward the high from August at 1.12489.
On the downside (keeping on the daily chart), the 1.1175-787 was swing highs October and early September. This month, the price has moved above that level but has not been able to close above. Today, a close above would be more bullish for the pair as it explores more to the upside.
