EUR/USD at the highs of the day
The euro is taking advantage of the US dollar's stumble.
EUR/USD is at the highs of the day, up 80 pips to 1.1930 after weak US CPI data stalled a four--week rally in the dollar.
A potential three-candle reversal is forming on the daily chart but it will take a close above 1.1939 to do it.
There are other reasons for worry in the US dollar as well with USD/JPY beginning to trace out a double top at 110.00, USD/CAD cracking lower and AUD/USD making a similar pattern to EUR/USD.
