Bullish currency pair Euro-Dollar runs out of steam at 1.1; currently at 1.0991

A quick look at yesterday: after dipping down to 1.0942, EUR/USD regained earlier losses and closed at 1.0991.

Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 164,400, while the previous figure was 163,300. France Services PMI came out at 56.3, while a consensus of analysts was expecting 53.4. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 244,600, while the previous figure was 235,600.

Elsewhere, other currency pairs are also gaining ground as notably, GBP/NZD rose 0.73% yesterday and closed at 2.0122. EUR/NZD surges 0.85% yesterday and closed at 1.7752. Notably, EUR/AUD rose 0.94% yesterday and closed at 1.6265.

The currency pair has been trending positively for about a month. As things stand, Euro-Dollar is 0.66% away from a significant high of 1.1048, first set 9 days ago.