The Euro has pushed to highs over 1.2180 from the US currency, encouraged by some profit taking on brief Euro rankings on the strikes against the Swiss franc, yen and Sterling. A few doubts within the buck have started to creep in, although dollar opinion remains business on hopes of Fed tightening. Consolidation is very likely to continue in the brief term, however, the Euro will find it hard to make additional strong headway along with the markets will still wish to make another assault on 1.20.

Analysis provided by http://www.fxtoday.co.uk