EUR/USD is grinding higher as Europe prepares to close up shop for the day. A 4.6% rally in equities is hard to ignore. Old habits are hard to break and for months when ever stocks have rallied, so has EUR/USD. Even EUR/JPY has reverted to the risk-assumption play of old.

EUR/USD trades now at 1.3570, putting some distance between itself and the 1.3515 level which will be key on a closing basis.