Euro extends gains to near four-month highs

The pair is now up to its highest since 11 November, with eyes on the 1.0700 mark as highlighted earlier here. A softer dollar this week is also helping to underpin the pair, with the greenback also struggling for the most part today. GBP/USD is up 0.2% to 1.2815 and USD/JPY down 0.3% to 149.35 currently.

For EUR/USD, things are all lining up well ahead of a test of the next key resistance region near the 1.0700 level. For today, the dollar side of the equation is also going to be a big factor in play. We'll have the US ADP employment change and ISM services PMI on the agenda. So, keep a close eye on those.