EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs
EUR/USD Breaks Above 1.20 as US Dollar Losses Intensify, DAX 30 Keeps Record Highs Key Talking Points: EUR/USD picks up pace on the back of USD weakness US and European stocks continue to push to record highs boosted by stronger than expected inflation and retail sales in the US, suggesting that the economy is growing strongly. The DAX 30 was able to break away from its constrained range and is now above the 127% Fibonacci extension (15,424) which I had mentioned previously as the next likely target. Advertisement The current backdrop is still supportive of the stock market as the massive a...
Source: dailyfx.com