Price moves above the high from last week
The EURUSD is taking the construction plan from Macron and Merkel positively. The price has now moved above the high price from last week at 1.08957. The price is also moved above the 50% retracement of the move down from the May 1 high to the May 7 low. That level comes in at 1.08920. Swing levels between 1.08845 and 1.08961 have also been breached.
However in the last few minutes, the price has dipped back below that resistance area (see yellow area). So there is some apprehension against the high (or at least some profit-taking).
PS, the German DAX has surges 5.8%, while the France’s CAC up 40 is currently up 5.3%.