EUR Break-Out – Trade Or Trap?

Since Friday, EUR/USD has pushed through previous highs for this cycle, and on the back of it, accelerated up quite rapidly, adding 2 more figures between Friday afternoon and today. That said, over the coming weeks, the risk/reward may now be extended. There is a lot of historical resistance that can be identified on EUR/USD between 1.23 and 1.25, further some of the cross asset dynamics may be suggesting some positive developments for the US Dollar over the next couple of months...