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Intraday reversal highlights continued upside in EUR/USD

EUR/USD 100 pips from the lows

The big story in the foreign exchange market last week was the break out in EUR/USD.

It looked to be taking a break/retracement earlier today but the latest round of risk aversion has squeezed out euro-funded carry trades despite the beating in European bank stocks.

On the intraday chart, that traces out a nice reversal and highlights a retest of last week's highs at 1.1243.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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