The pair is now up to its highest since 11 November, with eyes on the 1.0700 mark as highlighted earlier here. A softer dollar this week is also helping to underpin the pair, with the greenback also struggling for the most part today. GBP/USD is up 0.2% to 1.2815 and USD/JPY down 0.3% to 149.35 currently.
For EUR/USD, things are all lining up well ahead of a test of the next key resistance region near the 1.0700 level. For today, the dollar side of the equation is also going to be a big factor in play. We’ll have the US ADP employment change and ISM services PMI on the agenda. So, keep a close eye on those.
This article was written by Justin Low at www.forexlive.com.
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