EUR/USD edged higher early in the Asian session, testing resistance at 1.2518. The pair is steady in the European session.
1.2518 was tested earlier and remains fluid. We could see the pair break above this line during the day. 12.688 is a strong resistance line.
1.2407 continues to provide strong support.EUR/USD ratio is almost unchanged on Tuesday. This is consistent with the limited movement we’re seeing from the pair. The ratio has a majority of long positions, indicative of trader bias towards the euro breaking out and moving higher.