The euro climbed another 160 pips against the US dollar on Wednesday after a disappointing ADP report. It was easily the best performer while the US dollar lagged. The Australian jobs report is up next. Our Premium EURUSD long entry at 1.1210 is over 150 pips in the money. EURGBP and AUDNZD longs are also well in the money, while AUDUSD is at a loss.
The rally in the euro hit a fresh high since Feb 25. It's risen in 12 of the past 17 sessions in what has become a painful squeeze.