EUR/USD climbed above the 1.1550 level as traders reacted to Producer Prices data from the U.S.
EUR/USD tested new highs as traders reacted to economic reports from the U.S. Initial Jobless Claims report showed that 248,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 240,000.
If EUR/USD manages to settle above the resistance at 1.1550 – 1.1570, it will move towards the next resistance level at 1.1685 – 1.1700. RSI is in the overbought territory, so the risks of a pullback are increasing.
