EUR/USD is edging higher, trading up to 1.3150 on seemingly renewed buying interest in EUR/JPY. Real money accounts in the US have been seen buying both legs of the cross this morning, so it is unclear whether the spots are acting in concert or independently. Offers remain in the 1.3150 area with more eyed toward 1.3160.
Channel top resistance in EUR/USD comes in a shade above the 1.3150 level near-term. Dealers remained concerned that US payrolls will be disappointing Friday but optimists note a set-back is to be expected with payrolls averaging over 170k over the last three months.
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