EUR/USD Update – 14/08/2017 (11:30am) – by Arjun Lakhanpal

EUR/USD Update – 14/08/2017 (11:30am): As London walk in EURUSD just tested Friday’s high which was driven by a lower US CPI giving the market little reason to buy USD. However a drift up in US yileds now capping EUR. Focus this week on the ECB minutes with special attention paid to any mention to the strength of the single currency.  Absent of any clear mention of concerns surrounding currency some continue to think risks are skewed at the margin to the topside in EURUSD near term. 1.1835 was the high on Friday and after that the next level of resistance is 1.1910.